Bitcoin Cash

Bitcoin

Citadel

Bitcoin (BTC) has received a significant boost from institutional investors, revitalizing the cryptocurrency and instilling renewed confidence within the crypto community.   
In a remarkable turn of events, BTC crossed the $30,000 threshold on June 21, driven by the entry of major traditional finance (TradFi) players into the crypto market.   
BlackRock, the world's largest asset management firm, revealed its intention to launch a spot Bitcoin exchange-traded fund (ETF), signaling its growing interest in the digital asset.   
This move was followed by Invesco and WisdomTree, two other prominent TradFi firms, announcing their plans for Bitcoin ETFs.   
Further fueling the momentum, EDX, a new crypto exchange backed by industry giants like Fidelity Digital Assets, Citadel Securities, and Charles Schwab, announced its launch.   
With initial listings for Bitcoin, Ether, Litecoin, and Bitcoin Cash, the market responded positively, with Bitcoin Cash surging 20% on the news.   
As of now, BTC is trading at $30,080, representing a 4.20% increase in the past 24 hours. The cryptocurrency reached an intraday high of $30,664 before retracing to its current level.   
On a weekly chart, Bitcoin has gained over 20% and has seen an impressive 80% growth since the beginning of the year.   
Renowned crypto market expert Michaël van de Poppe weighed in on the recent rally, highlighting that Bitcoin dominance is approaching a critical resistance level of 49.5%. Simultaneously, BTC's price is also closing in on its next resistance level, indicating further potential for upward movement. 
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Bitcoin Surges Over 20% in the Last 7 Days, Soaring to $30,000

Optimisus

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