Bitcoin's current price is $29,864 with a 24-hour trading volume of $11.2 billion and a less than 1% increase in the last 24 hours. Global X ETFs and CoinDesk are seeking approval for a new Bitcoin ETF, the Global X Bitcoin Trend Strategy ETF, which will track BTC futures contracts and the CoinDesk BTC Trend Indicator Index. The potential approval and launch of this ETF could have significant implications for Bitcoin's price. Bitcoin is currently trading slightly above a significant support level of $29,550, but may face further downward pressure if it experiences a bearish breakthrough below $29,500.
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