On Thursday, October 19, investors are being cautious in the cryptocurrency market as prices are mostly down. Despite this, major cryptocurrencies have seen gains this week. Bitcoin has been closely monitored by investors, reaching over $28,000 on Wednesday, October 18, but some analysts believe this may be due to fake news about a Bitcoin ETF approval.
As of writing on Thursday, Bitcoin's price has decreased by 0.79% to $28,269.32, while the global crypto market cap has slipped 1.04% to $1.08 trillion. There is also speculation about whether Tesla will acquire more Bitcoins in anticipation of the approval of a Spot Bitcoin ETF, and the LOOM chart shows current market trends.
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