Bitcoin (BTC) showed an upward performance of close to 4% in a short time and rose above the $25,000 level again.
Bitcoin, despite the fact that the US Federal Reserve (FED) kept the interest rate constant the other day. $1,000 had a great decline. Consolidated for a while aspect TSI quickly yesterday evening. 4% value winning Bitcoin, its investor even a little bit pleased.
The last small recovery move Bitcoin has clearly is on the rise again This does not mean that the dollar depreciates in the global market. positive for cryptocurrencies looks.
Despite the low volume of Bitcoin, which is more sensitive to newsLast night’s spot Bitcoin ETF the move that gives hope brought a rapid rise.
What triggered the rise?
The world’s largest asset manager blackrock, yesterday evening spot Bitcoin exchange traded fund (ETF) applied for.
For the US Securities and Exchange Commission (SEC), which has never accepted any spot Bitcoin ETFs before, to respond to this application. 240 days has duration. In case BlackRock gets approval during this process It is thought that a big rise in Bitcoin can be triggered.
Bitcoin investors are excited that a big company like BlackRock has applied for the long-awaited spot Bitcoin ETF.