Bitcoin (BTC) price gained nearly 6% in value with the rally it continued in the last 24 hours and rose to $ 41,700.
There were increases in Bitcoin and cryptocurrencies that marked the weekend. Bitcoin in this process Up 6% to $41,700 when accessing Ethereum 2,262 dollar, BNB 233 dollars And Solana 65 reached the dollar.
Bitcoin with its recent rise April of 2022 for the first time since 40 thousand dollars While exceeding the level, the total value of the cryptocurrency market also increased over the weekend. 825 billion dollar increased.
Bitcoin’s rise Possibilities of approval for the upcoming spot Bitcoin ETF by the USAn and The US Federal Reserve’s (FED) attempts to ease the economy It is thought to be the cause. On the other hand, accumulated liquidity and short positions The rise of successive liquidations It is estimated that it triggered the acceleration.
FED Chairman Jerome Powell’s recent dovish comments Bitcoin It brought a great movement in gold as well. At the opening of the golden week It literally pumped and reached the highest level in history.
Experts commented on the peak price
Cryptocurrency data provider Amberdata said in a note published on Sunday:Bitcoin price rises with the impact of spot ETF expectations eager to go higher and the market looks pretty bullish.” he stated.
Market analyst Tony Sycamore of IG Australia Pty offered a similar view to Amberdata, citing Bitcoin’s impact on the SEC’s ETF decision and the Fed’s approval of rate cuts. with optimism He stated that it continues to be supported.
On the other hand, according to The Block, analysts responded to the SEC’s latest request for comment on ETFs. an acceleration for approval commented as.
In the present case; BlackRock, Fidelity, 21Shares & Ark Invest, Bitwise, VanEck, Wisdomtree, Invesco, Valkyrie, Global X, Hashdex and Franklin Templeton Giant companies such as are waiting for approval for the spot Bitcoin ETF.