Ethereum

Bitcoin ETF

Filecoin

Bitcoin

<ul class="list-ic vertical"> 
 <li> 1 <a>In what has been identified as a technical glitch,BlackRock’s famed Bitcoin iShare ETF disappeared from the DTCC website.</a> </li> 
 <li> 2 <a>BTC plummeted $763.19 in just two minutes when the glitch was reported.</a> </li> 
</ul> 
Since past few weeks Bitcoin Price has been selling off as doubt and fear spreads in the market that spot Bitcoin Exchange Traded Fund (ETF) approvals might not be as close as earlier. When writing, on October 25, DTCC website was accessible and the ticker of BlackRock’s Bitcoin iShare ETF got relisted. 
The news of removal of BlackRock’s iShare Bitcoin Trust ticker from the DTCC (Depository Trust &amp; Clearing Corp) website was first reported on ‘X’ by an international journalist Joe Light.&nbsp; 
Talking about the news, Eric Balchunas (Senior Analyst Bloomberg) mentioned that he wasn’t “totally shocked”, he added that “they were told to or want to wait until they are days not weeks or months away to spot Bitcoin ETF approval.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img decoding="async" loading="lazy" width="1024" height="836" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-11.jpeg" alt="DTCC Website Went Down: BlackRock BTC ETF Back Relisted Again" class="wp-image-177962" style="aspect-ratio:1.2248803827751196;width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-11.jpeg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-11-300x245.jpeg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-11-768x627.jpeg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-11-750x612.jpeg 750w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Source: Host Error message on DTCC website when browsed&nbsp;&nbsp;
 </figcaption>
 </figure>
</div> 
The removal of BlackRock’s Bitcoin ETF ticker caused a sudden decline in BTC trading price. At press time, Bitcoin was trading at $33,854.36. In a couple of minutes, a decline of $763.19 was recorded. 
As per market analysts, a sudden positive or negative momentum is expected to be reflected in Bitcoin price and the possible reason assumed by analysts is the hot topic of Bitcoin ETFs, especially BlackRock’s ETF. 
<h2 class="wp-block-heading" id="strong-will-bitcoin-succeed-in-retesting-35k-strong">Will Bitcoin Succeed in Retesting $35k?&nbsp;</h2> 
In the past 24 hours, Bitcoin surged impressively and its price was trading near the boundary line of $3k, but the news of the above delisting is the most probable reason for the sharp drop in <a href="https://www.thecoinrepublic.com/2023/10/24/bitcoin-metaverse-growth-from-raised-funds-darewise-entertainment/">BTC </a>price, 
Following the BTC price movement Ethereum also surged 12.45% in the past 7 days however its trading volume declined 30.30% in the past 24 hours and market capitalization slipped 2.28% intraday.&nbsp;&nbsp;&nbsp; 
When writing ETH was trading at $1,769.63 with an intraday trading volume of $11,822,878,943. In terms of trading volume, Ethereum is the third most traded token in the entire market (press time). 
Dozens of market analysts predicted that Bitcoin will continue the surge in upcoming days and is also expected to achieve the long awaited resistance of $35k. BTC has 51.42% dominance over the market followed by ETH, USDT,BNB and XRP including others.&nbsp; 
The fear &amp; greed index reflects a ranking of 70.6 which means it is more preferred than feared. Filecoin placed among the weekly top gainers; in a week its price has surged over 20%. 
<h3 class="wp-block-heading" id="strong-disclaimer-strong">Disclaimer</h3> 
The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;

DTCC Website Went Down: BlackRock BTC ETF Back Relisted Again

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 25, 2023

Binance restores crypto withdrawals following technical glitch

Exclusive Interview with 1inch Co-Founder: Navigating DeFi and Regulations in the UAE

Cardano (ADA) Developer IOG Appoints Former Algorand (ALGO) Execs for Stablecoin Project

Kaiko reports exchange de-listings at an all-time high

Bitcoin Price to Touch $50K Soon, While the New BTC Mining Project Could Gain 50X From the Pump

How a 90% Burn Rate Could Propel LUNC Towards Its $0.01 Goal

Join our free newsletter for daily crypto updates!