Bitcoin recaptures $30,000 thanks to a series of good news

By

Sharecast News | 22 Jun, 2023

Bitcoin has recaptured the $30,000 mark (+4.9%, $30,237) thanks to a series of positive news that has managed to counteract the unfavorable information that has penalized it in recent times, among which the actions of the US Securities and Exchange Commission (SEC) on Binance and Coinbase stand out.

BlackRock's decision to request approval of a Bitcoin ETF from the SEC, or Binance's agreement, also with the SEC, to solve the problem with its US assets, have propitiated that the cryptoking recovers this price level.

Bitcoin has risen 21% since BlackRock filed, on June 15, its request for permission to launch an ETF of this type. Experts believe that this fact will clearly help Bitcoin fundamentals and it´s price, which is already being observed.

"The cryptoverse is alive," Oanda senior analyst, Edward Moya, stated. "Bitcoin is surging after a few financial giants have made commitments to crypto. It started with BlackRock's Bitcoin ETF filing and now others are following," he added.

"Who needs regulatory clarity if you see BlackRock making a move. The SEC has been playing hardball with a Bitcoin ETF and crypto watchers are speculating that BlackRock knows something," the expert concluded.

Along these lines, another of the world's largest asset managers, Fidelity Investments, is also preparing to file an application to launch an ETF on Bitcoin, which is undoubtedly providing more significant institutional backing for the cryptocurrency.

German bank, Deutsche Bank, has also applied to the German financial regulator (BaFin) for a license to operate a digital asset custody service in Germany, which also includes cryptocurrencies.

Last news