Crypto Price Today: Bitcoin trades above $34,400; Solana, XRP rise up to 6%
Bitcoin was mildly firm and moved towards the $34,500 level. Its biggest peer, Ethereum regained the $1,800 mark.
Other crypto tokens, such as XRP, Solana, tron, and Toncoin traded higher, while BNB, Cardano, Dogecoin, Chainlink, Polygon, Polkadot, Litecoin, and Shiba Inu traded in the red.
Broader markets are looking forward to the Fed meeting expected to happen today. Any interest rate change is expected to change the tone of crypto market performance. Though, investors are particularly excited about spot BTC ETFs in the U.S.; the SEC may respond to the BTC ETF applications before the winter holiday season this year, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.
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View Details»Meanwhile, CoinDCX Research Team said, «BTC concluded this month with a remarkable 29% surge, partly attributed to the growing speculation about the approval of BTC spot ETFs. Additionally, the approaching halving event is drawing nearer, further piquing investor interest.»
«Over the last few days, BTC has been relatively stable, trading in a sideways pattern as investors anticipate significant macro announcements today, on November 1st. The focus will primarily be on the FOMC statement and press conference, as these events can directly impact crypto prices,» it said.
Meanwhile, the global cryptocurrency market cap surged marginally by 0.05% to around $1.27 trillion in the last 24 hours.
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