Cryptos trend higher as BlackRock's Bitcoin ETF filing stokes optimism Bitcoinprice BTC crypto
- The cryptocurrency market continued to show signs of improvement on Friday as concerns about regulatory and macroeconomic pressures began to subside, prompting dip buyers to step in and take advantage of the lowest crypto prices in months.
Bitcoin bulls successfully managed to push the top crypto back above $26,000, with data from TradingView showing that after a flash dump to $25,225 near midday, bulls reversed the course of price action to lift BTC to a daily high of $26,592 in the afternoon. The price has since entered into consolidation near $26,400.Kitco senior technical analyst Jim Wyckoff noted that July Bitcoin futures prices were holding steady in the early U.S.
As market analyst Rekt Capital noted on Twitter, “All it takes is one bullish BTC catalyst to turn it all around.” Maybe you don't want Blackrock to be involved in the markets, but having them jumping on the bandwagon with a Spot ETF, is technically what the markets need.
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