{"id":5395,"date":"2023-07-04T13:57:59","date_gmt":"2023-07-04T13:57:59","guid":{"rendered":"https:\/\/predictmag.com\/blog\/?p=5395"},"modified":"2023-07-04T14:17:53","modified_gmt":"2023-07-04T14:17:53","slug":"blackrocks-etf-refiling-causes-bitcoin-to-reach-31k-as-aptos-rises-10-market-overview","status":"publish","type":"post","link":"https:\/\/predictmag.com\/blog\/2023\/07\/04\/blackrocks-etf-refiling-causes-bitcoin-to-reach-31k-as-aptos-rises-10-market-overview\/","title":{"rendered":"BlackRock’s ETF Refiling Causes Bitcoin to Reach $31K As Aptos Rises 10%: Market Overview"},"content":{"rendered":"

MKR, FXS, and LEO are some other prominent price gainers in addition to APT. <\/em><\/strong><\/p>\n

Bitcoin<\/a> finally launched an onslaught and broke beyond $31,000 earlier today after languishing for several days.<\/p>\n

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.<\/p>\n

BTC Sets Another Goal of $30K <\/strong><\/p>\n

For the most part of last week, Bitcoin\u2019s price traded sideways in a narrow band between $30,000 and $31,000, which was considered to be quite quiet.<\/p>\n

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

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

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.<\/p>\n

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.<\/p>\n

The asset is currently sitting just a few millimeters below that level because it has so far been unable to convincingly surpass it.<\/p>\n

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

\"BlackRock's

BTCUSD. Source: TradingView<\/p><\/div>\n

Aptos Rises by 9.5%<\/strong><\/p>\n

A 9.5% increase has elevated Aptos to far above $8, making it one of the top gainers for the day.<\/p>\n

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%.<\/p>\n

A few of the larger-cap Alts are also marginally down, including Binance Coin, Ethereum, Solana, Avalanche, and Polkadot.<\/p>\n

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%.<\/p>\n

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.<\/p>\n

Get free access to our lifetime VIP membership. Join us here.<\/a><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":5402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[99,5,3,208,63,107,14],"tags":[190,24,177,217],"class_list":["post-5395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-active","category-announcement","category-crypto-market","category-currency","category-news","category-today","category-trading","tag-altcoins","tag-bitcoin","tag-cryptocurrencies","tag-market-watch"],"yoast_head":"\nBlackRock's ETF Refiling Causes Bitcoin to Reach $31K As Aptos Rises 10%: Market Overview<\/title>\n<meta name=\"description\" content=\"The volatility increased slightly 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