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Bitcoin Surges Above $29,000 as Traditional Finance Players Enter Crypto Market

June 21 (Cointime) - Bitcoin, the largest cryptocurrency by market value, has surged above $29,000 for the first time in a month due to a rise in bullish sentiment in the crypto market.

Traditional finance players such as BlackRock and Deutsche Bank have shown interest in the crypto market, with the former filing for a US bitcoin exchange traded fund and the latter applying for a digital asset custody license in Germany.

Additionally, EDX Markets, a crypto exchange funded by financial heavyweights including Charles Schwab and Fidelity Digital Assets, has started its trading services. Bitcoin has outperformed other digital assets, gaining over 8% in 24 hours, and some traders predict it may reach $30,400.

Bitcoin Bitcoin $98,566.92
-0.34%
Bitcoin Cryptocurrency BlackRock
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