Bitcoin reaches a new annual high: CEO from Blackrock is optimistic about further increases

Bitcoin reaches a new annual high: CEO from Blackrock is optimistic about further increases

The Bitcoin has reached a new annual high and it is expected to continue to rise. This could happen due to the optimistic statements by Larry Fink, the CEO of Blackrock, the largest company in the field of fixed assets.

this morning Bitcoin reached $ 31,500, which is a new one for this year. To confirm the upward trend, Bitcoin must remain above this level. A stay above this level would signal that a breakthrough has taken place and that Bitcoin can continue to rise.

A reason for the current bullish mood could be yesterday's statement by CEO Larry Fink. In a national television interview, he said that Bitcoin was "digital gold" and would become an "international asset". This statement followed the application by Blackrock and other institutional companies for a spot bitcoin ETF. Blackrock has already achieved great success in the approval of ETF applications, which gives investors additional trust.

The success of Bitcoin also has a positive impact on other cryptocurrencies. When Bitcoin increases, other cryptocurrencies usually follow this trend. Of course, this also depends on the upcoming regulatory developments.

A cryptocurrency that has currently increased strongly is Solana. Although it was classified as security by the SEC, it has lost value in the past few months. But with a current price of $ 8, the soil could be reached, which signals upward potential. A break in the descending trend line that has existed since July 2022 could mean further positive developments for Solana.

Another promising cryptocurrency is stacks (StX). It is one of the few cryptocurrencies approved by the Sec. Stacks enables apps to be developed on the Bitcoin platform. Yesterday the cryptocurrency reached the Fibonacci level of 0.786 and it is expected to continue to rise from this point.