Bitcoin demonstrated significant upward momentum, but it remains to be seen whether it is sustainable
According to CoinGecko, Bitcoin’s value is up by 4.4% and is currently priced at $28,301. Bitcoin's market cap stands at $552 billion with a 24-hour trading volume of $15.3 billion. This rise in value signifies a break in the prolonged bearish trend that Bitcoin has been experiencing, reviving discussions about its potential growth.
However, these investment flows are also influenced by market speculation around the anticipated approval of BlackRock's Bitcoin ETF proposals by the U.S. Securities and Exchange Commission.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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