Bitcoin 
$63,272 price It has surpassed $64,000 again and the fact that it continues to make higher highs excites altcoin investors. Many important developments this week crypto- We will see that it causes volatility in currencies. So what is the reason for the rise in BTC price? What awaits investors?
Bitcoin (BTC)
The BTC price, which rose to $64,478 at the time of writing, took action following the news that the new SEC Chairman could be Robinhood Legal Director. Geopolitical tension is balancing, and the fact that cryptocurrencies have not started a long-term decline similar to the last 6 months gives investors the idea that the last recovery may be different.
Michael Poppe wrote at the beginning of this month that the historical rise began as of the second week of October and that investors should not worry. Now, while employment data is recovering, no surprises are expected in inflation. We will see more details about the Fed’s interest rate cut cycle in the Fed minutes on Wednesday. It will not be surprising if we experience a result opposite to the minutes following the first interest rate increase in 2022.
According to Farside data, October 4th is the day BTC ETF‘s have seen net inflows again and if this continues, the spot price may be further supported.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
