Bitcoin Hits $30K, Approaches 2023 Highs And Gains Nearly 100% Since 2022 Lows: How Far Can The King of Crypto Go?
Portfolio Pulse from Piero Cingari
Bitcoin has surged past $30,000, approaching its 2023 highs, driven by fresh spot Bitcoin ETF applications from major Wall Street firms like Blackrock, WisdomTree, and Invesco. The cryptocurrency has gained nearly 100% since its 2022 lows.
June 22, 2023 | 7:54 pm
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POSITIVE IMPACT
Blackrock's Bitcoin ETF application has contributed to the recent surge in Bitcoin's price, which has crossed $30,000 and is approaching its 2023 highs.
Blackrock's Bitcoin ETF application has been a major catalyst for the recent surge in Bitcoin's price. As one of the leading investment firms, Blackrock's involvement in the crypto space adds credibility and attracts more investors, potentially driving up the price of Bitcoin and positively impacting Blackrock's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitcoin's price has surged past $30,000, driven by fresh spot Bitcoin ETF applications from major Wall Street firms, and is now approaching its 2023 highs.
The recent surge in Bitcoin's price can be attributed to the fresh spot Bitcoin ETF applications from major Wall Street firms like Blackrock, WisdomTree, and Invesco. These applications have increased investor interest and confidence in the cryptocurrency, driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100