Here’s what happened in crypto today

On October 12, 2023, Bitcoin experienced a notable price surge, climbing above $30,000 for the first time in several months, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, with its price rising alongside Bitcoin, as the overall cryptocurrency market capitalization approached $1 trillion. Regulatory developments in the U.S. hinted at potential approval for Bitcoin exchange-traded funds (ETFs), further fueling optimism among investors. Additionally, several altcoins showed significant price movements, reflecting a broader recovery in the crypto market.

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