Crypto Rally Fueled by Blackrock ETF Application
Too Long; Didn't ReadGlobal markets, led by US equities, saw a slight decline this week, erasing the gains from the previous week. Fed Chair Jerome Powell's hawkish stance on interest rates has created uncertainty among investors. But amidst the market turbulence, Bitcoin surged above $30K and showed resilience.
Exciting news for the crypto community! Blackrock's Bitcoin ETF application has reignited interest in the market, leading to a bounce-back. Institutional investors are showing confidence, despite regulatory concerns. The rally indicates a possible turning point, bringing hope to those who persevered through challenging times.