Bitcoin Surpasses $26,000 Again, Thanks to BlackRock’s Bold Move

As the news is being written, Bitcoin price has again passed the $26,000 mark and continues to find buyers around this area. The rise in demand for Bitcoin at 19:00 came after the price dipped to $25,170. Following this significant volume of purchases, Bitcoin’s price once again exceeded the $26,000 threshold. Why Are Cryptocurrencies Rising? Late yesterday, BlackRock filed a Bitcoin ETF application, which has increased investors’ risk appetite. This is the primary reason for the rise. Despite having been rejected numerous times by the SEC, which is currently confronting the two biggest exchanges, BlackRock applied for a spot Bitcoin ETF. The bold move by the company, which has been rejected only once before, has excited investors. The SEC will respond to this application within a few months at the earliest. The SEC, which has rejected all previous ETF applications, is currently involved in a lawsuit. Grayscale has filed a […] The post Bitcoin Surpasses $26,000 Again, Thanks to BlackRock’s Bold Move appeared first on COINTURK NEWS.