Bitcoin, Ethereum, Dogecoin Rise After BlackRock Refiles Spot ETF: Analyst Says Traders 'Impatient' As King Crypto Remains Boringly Rangebound
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged after BlackRock refiled its Bitcoin ETF application in the US. The new filing includes information that Coinbase will offer market surveillance to support the ETF. The global crypto market capitalization stood at $1.22 trillion, an increase of 1.19% over the last day. The US stock market also saw a modest increase on Monday.
July 04, 2023 | 2:46 am
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Bitcoin price surged after BlackRock refiled its Bitcoin ETF application. The new filing includes information that Coinbase will offer market surveillance to support the ETF.
The refiling of the Bitcoin ETF application by BlackRock and the involvement of Coinbase in offering market surveillance has boosted the confidence of investors, leading to a surge in Bitcoin price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin price also saw a rise following the refiling of the Bitcoin ETF application by BlackRock.
The refiling of the Bitcoin ETF application by BlackRock has had a positive impact on the overall cryptocurrency market, including Dogecoin.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ethereum price also increased following the refiling of the Bitcoin ETF application by BlackRock.
The refiling of the Bitcoin ETF application by BlackRock has had a positive impact on the overall cryptocurrency market, including Ethereum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80