Bitcoin (BTC) broke through the $35,000 mark for the first time since May 2022, marking a significant gain in 24 hours. On October 23, BTC surged more than 10% from $31,000 to over $34,000, and shortly after, it reached $35,300. The price rise coincides with growing interest in spot exchange-traded funds (ETFs) and increased trading volumes. Analysts suggest that BlackRock’s involvement and a surge in spot trading volumes played a role.