Crypto peaks: 17-month high!

The price of the cryptocurrency Bitcoin rose more than 2 percent to a 17-month high on hopes that the Fed will end interest rate hikes and the approval of the first Bitcoin spot ETF in the US.

According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, increased by about 2.19 percent in 24 hours, exceeding $ 1.3 trillion.

The price of Bitcoin, the largest cryptocurrency, has risen 4 percent in the last 24 hours, with the expectation that the US Securities and Exchange Commission (SEC) will approve the Bitcoin spot ETF (exchange-traded fund) and increased demand for the crypto sector with the hope that the Fed will end interest rate hikes.

Bitcoin's value increase in the last 7 days has approached 2 percent, while its market value has exceeded $ 687 billion.

Bitcoin, which was at an all-time high of $ 68,990 in November 2021, has lost about 49 percent since that date. Ethereum, which ranks second in terms of market capitalization, has also gained more than 1.40 percent in the last 24 hours, reaching $ 1830.