Bitcoin price grows over 12%

The price of Bitcoin rose more than 12% on October 24, Report informs referring to the trading data.

The cryptocurrency rose in price after reports of Grayscale victory in the appeal court in the case of creating the first exchange-traded fund (ETF) for Bitcoin.

On the Binance exchange, the largest cryptocurrency exchange by volume, in the morning, Bitcoin rose in price by 12.46% per day, to $34,447. Then the price of the cryptocurrency exceeded $35,000 for the first time since May 2022, jumping to a maximum of $35,280.

According to the CoinMarketCap portal, which calculates the average price of more than 20 exchanges, the cost of Bitcoin increased by 12.4%, to an average of $34,445.

Bloomberg previously reported that the US federal appeals court officially recognized the victory of Grayscale Investments in the case of creating an exchange-traded fund for Bitcoin. Thus, the court overturned the decision of the US Securities and Exchange Commission (SEC), which had previously refused the company the creation of an ETF.