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Bitcoin Continues Uptrend, Surpasses $30,000 Amid Flood of ETF Applications and Whale Transactions

June 22 (Cointime) - Bitcoin, the world's largest cryptocurrency, has continued its upward trend this week, surpassing $30,000. Its market cap is now at $588 billion, with a 5.47% increase in trading price. The recent price rally is attributed to the flood of spot Bitcoin ETF applications to the SEC, with BlackRock's filing triggering the trend.

Bitcoin's market dominance is now at 50%, and its performance has diverged from stocks, resulting in a negative correlation with the Nasdaq 100. Despite a recent SEC crackdown on Binance Holdings Ltd. and Coinbase Global Inc., the launch of a new digital-asset exchange called EDX Markets has boosted crypto sentiment.

Bitcoin Bitcoin $101,767.88
+3.4%
Bitcoin Cryptocurrency SEC
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