Bitcoin Price About To Hit $30K Today
The post Bitcoin Price About To Hit $30K Today appeared on BitcoinEthereumNews.com. Following US Federal Reserve chair Jerome Powell’s recent comments that led to higher treasury yields, Bitcoin price and other cryptocurrencies experienced modest gains on Friday. However, a legal action by the state of New York against Digital Currency Group, Genesis Global Capital, and the Gemini crypto exchange, alleging fraud exceeding $1 billion, created some uncertainty. Bitcoin briefly dipped but eventually recovered, surging over 3% to approach the halfway mark to the key $30,000 level. Ethereum also saw a 2% increase but remained below $1,600, while most alternative cryptocurrencies were trading higher in the morning. Blockchain Partnership: A Catalyst For Bitcoin Price, Crypto Bull Market The convergence of two financial behemoths, BlackRock with $8.5 trillion in assets under management and JPMorgan overseeing $3.8 trillion, in a blockchain-driven partnership has ignited expectations that these venerable giants may become the catalysts for the forthcoming cryptocurrency bull market. Image: Financial News London This potential collaboration between BlackRock and JPMorgan underscores a growing recognition within the traditional financial sector of the transformative power of blockchain technology and cryptocurrencies. According to a report from crypto services provider Matrixport, the potential approval of a BlackRock spot bitcoin exchange-traded fund (ETF) could propel Bitcoin price to reach $56,000. Their more conservative estimate suggests a minimum price of $42,000, assuming that 10%-20% of gold ETF investors invest in a spot bitcoin ETF. Bitcoin price nearing the halfway mark to the key $30K territory today. Chart: TradingView.com Recent reports in Forbes have it that BlackRock has taken a pioneering step by utilizing JPMorgan’s cutting-edge blockchain collateral system. This development coincides with BlackRock’s expressed interest in launching a spot bitcoin ETF and JPMorgan’s positive stance on the future of bitcoin mining. Leading Financial Institutions: Driving The Crypto Bull Run The convergence of these factors has led to predictions, as mentioned by…
The post Bitcoin Price About To Hit $30K Today appeared on BitcoinEthereumNews.com.
Following US Federal Reserve chair Jerome Powell’s recent comments that led to higher treasury yields, Bitcoin price and other cryptocurrencies experienced modest gains on Friday. However, a legal action by the state of New York against Digital Currency Group, Genesis Global Capital, and the Gemini crypto exchange, alleging fraud exceeding $1 billion, created some uncertainty. Bitcoin briefly dipped but eventually recovered, surging over 3% to approach the halfway mark to the key $30,000 level. Ethereum also saw a 2% increase but remained below $1,600, while most alternative cryptocurrencies were trading higher in the morning. Blockchain Partnership: A Catalyst For Bitcoin Price, Crypto Bull Market The convergence of two financial behemoths, BlackRock with $8.5 trillion in assets under management and JPMorgan overseeing $3.8 trillion, in a blockchain-driven partnership has ignited expectations that these venerable giants may become the catalysts for the forthcoming cryptocurrency bull market. Image: Financial News London This potential collaboration between BlackRock and JPMorgan underscores a growing recognition within the traditional financial sector of the transformative power of blockchain technology and cryptocurrencies. According to a report from crypto services provider Matrixport, the potential approval of a BlackRock spot bitcoin exchange-traded fund (ETF) could propel Bitcoin price to reach $56,000. Their more conservative estimate suggests a minimum price of $42,000, assuming that 10%-20% of gold ETF investors invest in a spot bitcoin ETF. Bitcoin price nearing the halfway mark to the key $30K territory today. Chart: TradingView.com Recent reports in Forbes have it that BlackRock has taken a pioneering step by utilizing JPMorgan’s cutting-edge blockchain collateral system. This development coincides with BlackRock’s expressed interest in launching a spot bitcoin ETF and JPMorgan’s positive stance on the future of bitcoin mining. Leading Financial Institutions: Driving The Crypto Bull Run The convergence of these factors has led to predictions, as mentioned by…
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