Crypto Price Today: Bitcoin hits $30,300 mark on BlackRock’s ETF plan

[ad_1]

Cryptocurrency markets rose for the third straight day on Thursday, helped by BlackRock’s plan to create a bitcoin exchange-traded fund (ETF) even as the sector faces U.S. regulatory scrutiny.

BlackRock, the world’s largest asset manager, filed for an exchange last week, which would allow investors to gain stakes in the asset class.

Bitcoin (BTC) jumped 5% to $30,326, while Ethereum (ETH) was above the $1,900 level. BTC volume was around $31.48 billion, up 25% in the last 24 hours.

“Bitcoin hovered above the US$30,000 level, gaining 5% from the previous day, as investors continued to cherish news of multiple spot Bitcoin ETF deposits,” Edul said. Patel, co-founder and CEO of Mudrex.

“On the other hand, Ethereum also broke above the US$1,900 level, signaling strong buying momentum. Overall, the market is bullish and filled with positive investor sentiment,” Edul said. . Other top crypto tokens were also trading higher. Cardano, Dogecoin, Shiba Inu and Litecoin jumped over 7% each. The global cryptocurrency market capitalization traded at around $1.18 trillion, up 5% in the past 24 hours. The market capitalization of Bitcoin, the largest cryptocurrency in the world, was around $588 billion. Bitcoin dominance is currently at 49.55%, an increase of 0.29% on the day, according to CoinMarketCap. “Bitcoin has entered a key resistance zone stretching up to $32,500 after a strong rally over the past two days. It is currently trading above $30,300. renewed optimism in the markets even as its dominance consolidates above 50%. Another strong push from the bulls could help BTC break through the $32,500 level in the coming weeks,” said Vikram Subburaj, CEO of Giottos Crypto Platform.

Rajagopal Menon, VP of WazirX, said: “Major market oscillators indicate neutral sentiment. Relative Strength Index (14) sits at 72, with a neutral outlook. Stochastic %K (14, 3 , 3) at 93 and the Average Directional Index (14) at 27 also indicates a neutral outlook.

The MACD level (12, 26), at 460, indicates Buy. The Rapid Stochastic RSI (3, 3, 14, 14) is neutral at 100 and William’s percentage indicates a sell at -6,” Menon added.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 10:34 am, IST June 22, 2023)

Bitcoin $30,326 5.41%

Ethereum $1,919 5.70%

Tether $0.9999 0.01%

BNB $254 1.38%

XRP $0.5154 3.07%

Gimbal $0.2988 7.11%

Dogecoin $0.06835 6.88%

$17.49 4.10%

Polygon $0.698 7.27%

Litecoin $87.92 7.31%

Peas $4.92 4.42%

Tron $0.07372 3.11%

Shiba Inu $0.000008025 8.27%

(Note: price change in the last 24 hours)

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

[ad_2]