- Bitcoin’s Wikipedia page views surged amid a recent price rally that saw BTC rise above $35,000 for the first time since May 2022.
- The increased interest comes as optimism grows around the potential approval of a spot bitcoin ETF, which analysts believe could happen within months.
- The bitcoin price rally and promising ETF outlook have renewed interest in the cryptocurrency, suggesting adoption could continue growing if the trends persist.
Bitcoin’s Wikipedia page recently saw a spike in traffic, hitting the highest level of interest since mid-2022. The increased attention comes as bitcoin’s price has rallied and optimism grows over the potential approval of a spot bitcoin ETF.
Bitcoin Price Rally
Bitcoin’s price rose above $35,000 on Oct 23 for the first time since May 2022. The world’s largest cryptocurrency by market capitalization has surged 13% over the past week and is up almost 29% over the past month.
Spot Bitcoin ETF Outlook
The timing of spot bitcoin ETF approvals remains unclear but should happen within months and most likely before Jan 10, 2024, the final deadline of Ark Invest and 21Shares applications, according to JPMorgan analysts. This is the earliest deadline faced by the SEC across spot bitcoin ETF applications.
Conclusion
The recent bitcoin price rally and promising spot ETF news have renewed interest in the cryptocurrency, as evidenced by the spike in Wikipedia views. If bitcoin keeps rallying and a spot ETF is approved, interest and adoption of the cryptocurrency could continue growing.
