Bitcoin

Over the past week, Bitcoin&#39;s price achieved this year&#39;s all-time high (ATH) of $31,400, while other cryptocurrencies also experienced a much-needed price surge. The upward momentum in the price chart was driven by significant events that occurred in recent days.Investors have been capitalizing on major institutions filing for Bitcoin ETFs and other related offerings. Notably, market sentiment remained high throughout the week as BlackRock, one of the largest asset management firms, <a href="https://cryptotale.org/blackrocks-spot-btc-etf-filing-sparks-optimism-for-bitcoin-price-surge/" rel="noopener noreferrer nofollow">filed</a> for a spot Bitcoin exchange-traded fund (ETF).The SEC has approved the first leveraged Bitcoin futures ETF in the US, bringing spot Bitcoin ETF approval one step closer. If the new ETF receives regulatory approval, it could attract institutional investors and contribute to rising crypto prices.Investors are also closely watching economic data from the United States, the world&#39;s largest economy. Key data points such as GDP, inflation rates, and monthly expiry could influence crypto prices.US Federal Reserve Chair Jerome Powell, during a <a href="https://financialservices.house.gov/calendar/eventsingle.aspx?EventID&#61;408872" rel="noopener noreferrer nofollow">hearing on monetary policy</a>, affirmed that crypto has staying power as an asset class. Powell also acknowledged that the Fed views payment stablecoins as a form of money. He mentioned that inflation still has a long way to go before reaching the Fed&#39;s target of 2 percent.Read full article at <a href="https://cryptotale.org/major-events-impact-on-crypto-prices-bitcoin-hits-2023s-ath/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Major Events Impact on Crypto Prices: Bitcoin Hits 2023’s ATH

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