Bitcoin Nears $29K, Ethereum, Dogecoin Surge After EDX Market Launch: Analyst Foresees $38K King Crypto Rally, But If You Think It Will Reach $12K Then…
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies surged after the announcement of crypto initiatives by financial institutions, including Deutsche Bank's application for a digital asset custody license and EDX Markets' launch of BTC and ETH trading. BlackRock also filed for a spot BTC ETF last week.
June 21, 2023 | 2:45 am
News sentiment analysis
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POSITIVE IMPACT
BlackRock's filing for a spot BTC ETF last week contributed to the surge in major cryptocurrencies, potentially increasing interest in the company's offerings.
BlackRock's filing for a spot BTC ETF has contributed to the positive sentiment in the cryptocurrency market. This move could attract more investors to BlackRock's offerings, as it shows the company's willingness to embrace and adapt to the growing crypto market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Bitcoin's price surged to nearly $29K following the announcements of crypto initiatives by financial institutions, with analysts foreseeing a potential rally to $38K.
The announcements of crypto initiatives by Deutsche Bank, EDX Markets, and BlackRock have positively impacted Bitcoin's price, pushing it close to $29K. Analysts predict a potential rally to $38K, indicating a bullish short-term outlook for Bitcoin.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin's price increased by 2% to $0.063 following the announcements of crypto initiatives by financial institutions.
The announcements of crypto initiatives by Deutsche Bank, EDX Markets, and BlackRock have positively impacted Dogecoin's price, pushing it to $0.063. This indicates a bullish short-term outlook for Dogecoin as the market reacts to the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ethereum's price increased by 4.12% to $1,807 following the announcements of crypto initiatives by financial institutions.
The announcements of crypto initiatives by Deutsche Bank, EDX Markets, and BlackRock have positively impacted Ethereum's price, pushing it to $1,807. This indicates a bullish short-term outlook for Ethereum as the market reacts to the news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100