BlackRock’s ETF Refiling Causes Bitcoin to Reach $31K As Aptos Rises 10%: Market Overview

MKR, FXS, and LEO are some other prominent price gainers in addition to APT.

Bitcoin finally launched an onslaught and broke beyond $31,000 earlier today after languishing for several days.

With the exception of LTC and BCH, which are both down more than 3% in the last day, most larger-cap cryptocurrencies have experienced rather moderate fluctuation.

BTC Sets Another Goal of $30K

For the most part of last week, Bitcoin’s price traded sideways in a narrow band between $30,000 and $31,000, which was considered to be quite quiet.

All of that changed on Friday, though, when the SEC allegedly warned about all recent Spot BTC ETF filings, calling them “inadequate.”

The cryptocurrency’s price immediately suffered as a result, falling more than $1,500 to a 10-day low of $29,500 (on Bitstamp).

However, that decline to depths below $30,000 was just temporary, and BTC swiftly recovered. The asset settled at around $30,500 for the remainder of the weekend and even on Monday, when the bulls moved it up by $1000.

The volatility increased slightly over the last 12 hours as the price of the cryptocurrency climbed above $31,000. After hearing that BlackRock had resubmitted its application for its spot Bitcoin ETF, this occurred.

The asset is currently sitting just a few millimeters below that level because it has so far been unable to convincingly surpass it.

However, its market capitalization has increased to almost $600 billion, and as of now, its dominance over the Altcoins is 49.6%.

BlackRock's ETF Refiling Causes Bitcoin to Reach $31K As Aptos Rises 10%: Market Overview

BTCUSD. Source: TradingView

Aptos Rises by 9.5%

A 9.5% increase has elevated Aptos to far above $8, making it one of the top gainers for the day.

The top performers over the past several weeks included Litecoin and Bitcoin Cash, which recorded 14-month highs above $110 and $320, respectively. But since yesterday, both have reversed direction by 3% to 4%.

A few of the larger-cap Alts are also marginally down, including Binance Coin, Ethereum, Solana, Avalanche, and Polkadot.

However, within the same time period, XRP, ADA, DOGE, TRX, and MATIC all had negligible gains. LEO, on the other hand, is now close to $4 and has increased by more than 7%.

The overall value of the crypto market has increased by a few billion dollars per day and is now just north of $1.210 trillion on CMC.

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