Bitcoin’s price topped $28,000 on Tuesday, according to reports, making the number one cryptocurrency break above $28,000 for the first time since May 8. coin market cap.
At the time of writing, Bitcoin was up 5.23% to $28,144 per coin and hit a daily high of $28,211.
Bitcoin market cap surged 50% on Monday after news about world’s largest asset manager was released Applying for BlackRock A new Bitcoin Exchange Traded Fund (ETF) will be announced this Thursday. grayscale bitcoin trust A 12% jump was also seen after the BlackRock news surfaced.
It’s been a busy spring for Bitcoin, which has largely recovered from the FTX debacle at the start of the year and the collapse of the entire market following Ordinal’s explosive popularity. However, the overall cryptocurrency market is in a slump thanks to recent actions by the U.S. Securities and Exchange Commission against giant cryptocurrency exchanges. binance and coin base. Still, BlackRock’s bitcoin ETF news has once again brought hope that there will finally be a bitcoin ETF. approved.
New to the cryptocurrency market, BlackRock is working with Coinbase, which it uses to manage ETFs. In 2022, BlackRock will partnered Partners with Coinbase to launch an investment management platform called Aladdin for trading digital assets.
Data from Coin360 shows that in the case of a rising tide lifting all boats, ETH is trading up 2.64% to $17.80 per coin, Dogecoin is up 0.58% to $0.06, and SOL is up 3.62% to $16.46. .
While some may rejoice in Bitcoin’s rising momentum, it is far from the all-time high of $68,789 digital assets hit on November 10, 2021.