Cointime

Download App
iOS & Android

Bitcoin Reaches Over $28,000 for the First Time Since May 8, BlackRock's ETF Filing Plays Pivotal Role in Cryptocurrency Market's Stability

June 21 (Cointime) - Bitcoin has surpassed $28,000 for the first time since May 8, with a current trading price of $28,144, representing a 5.23% increase from the day's high. The cryptocurrency's market capitalization has grown by 50% due to this significant increase in value.

The recent announcement of BlackRock, the world's largest asset management company, filing for a Bitcoin Exchange Traded Fund (ETF) on Thursday, has played a crucial role in the revival of Bitcoin's value.

Despite recent actions from the U.S. Securities and Exchange Commission, the launch of an investment management platform named Aladdin by Coinbase has contributed to the cryptocurrency market remaining relatively stable.

Comments

All Comments

Recommended for you