Bitcoin ETFs: The Game-Changing Move That Could Skyrocket Crypto To All Time Highs
Portfolio Pulse from Murtuza Merchant
Bitcoin and Ether crossed crucial levels, with Bitcoin breaking the $31,000 ceiling and Ether trading at $1,920. The renewed optimism in the crypto market is driven by investor confidence and interest from traditional finance firms, such as WisdomTree and BlackRock, filing for Bitcoin ETFs.
June 23, 2023 | 6:49 pm
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Bitcoin broke the $31,000 ceiling, hitting a 52-week high amid heightened interest from traditional finance firms filing for Bitcoin ETFs.
The increased interest from traditional finance firms in Bitcoin ETFs is driving renewed optimism in the crypto market, leading to a surge in Bitcoin's price. This is likely to have a positive short-term impact on Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Ether was trading at $1,920 levels, 13% higher for the week, as investor confidence in digital currencies grows.
The growing investor confidence in digital currencies, driven by interest from traditional finance firms in Bitcoin ETFs, is likely to have a positive short-term impact on Ether's price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100