Bitcoin rockets past $34K as excitement grows for how to make money with Web 3.0.
Bitcoin suddenly rockets past $34K as ETF excitement grows

Making Money with Web 3.0

Uptober may have finally arrived, with the price of Bitcoin (BTC) breaking through the $34,000 mark for the first time since May last year, marking a staggering 14% gain in the past 24 hours.

The price of Bitcoin suddenly spiked upwards on Oct. 23, with BTC gaining more than 10% from $31,000 to briefly touch $34,000 before settling down to a current price of $33,349 according to data from TradingView.

The sudden uptick in price for Bitcoin comes amid a fresh wave of interest in upcoming spot ETF approvals and a significant increase in overall trading volumes across spot markets.

The surge also comes amid developments relating to BlackRock’s proposed spot Bitcoin ETF.

With the new wave of interest in Web 3.0, many people are wondering how to get involved and make money. There are a few ways to get involved in Web 3.0, such as getting on the platform, finding a job, and investing in the technology. Additionally, it is important to understand the difference between Metaverse and Web 3.0 to make the most of the opportunities.

To get started, people should first understand how to get on Web 3.0 and what it offers. Once they have a good grasp of the platform, they can look into how to make money with Web 3.0. This could involve investing in the technology, finding a job, or even creating their own projects. It is important to remember that Web 3.0 is still in its early stages, so it is important to stay up-to-date with the latest developments.

Finally, it is important to understand the difference between Metaverse and Web 3.0. While they are both related, they are different technologies and have different applications. Knowing the difference between the two can help people make informed decisions when it comes to investing in either technology.

Exploring the Possibility of a Bitcoin ETF Approval

On Oct. 23, Scott Johnson, an Analyst formerly known as Twitter, posted two pieces of information that could suggest a Bitcoin ETF approval could be getting closer for investment giant Blackrock.

Johnson noted that Blackrock had obtained a “CUSIP” licence and could potentially start “seeding” their ETF product with cash as soon as this month. Eric Balchunas, a Senior Bloomberg ETF analyst, commented that seeding an ETF is usually not a lot of money, but it is a good sign and marks “another step in the process of launching.”

As a result of this news, the price of Bitcoin increased significantly and spot trading volumes also rose. According to Coinmarketcap data, spot trading volume increased by 241% in the same 24 hour period, reaching more than $35 billion.

Exploring the Recent Uptick in Crypto Prices

The recent surge in Bitcoin prices was accompanied by a rise in other cryptocurrencies, with Ethereum’s Ether (ETH) gaining 7%, Solana (SOL) up 11%, Dogecoin (DOGE) 8%, and Cardano (ADA) 5%. This left many crypto market commentators and community members asking, “what the heck just happened?”

Coinshares data revealed a favorable set up for the sudden growth in crypto prices, with digital asset investment products seeing a fourth consecutive week of inflows. This has led to many people wondering how to make money in web 3.0, how to get involved in web 3.0, and how to get a job in web 3.0.

Others have asked if Metaverse and web 3.0 are the same, and if it is possible to make money on web 3.0. Some have wondered how to get on web 3.0 and how to get web 3.0.

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