After Blackrock's BTC-ETF submission, Bitcoin shot up to $ 1,000 (Market Watch)

After Blackrock's BTC-ETF submission, Bitcoin shot up to $ 1,000 (Market Watch)

Bitcoin crashed strongly yesterday and reached a new multi -month low, but the positive news of the world's largest asset manager drove him up more than one thousand.

Most old coins have also become green today, with AdA, LTC, Doge and Shib recovering about 2-4 %.

BTC strives for $ 26,000

The price of the most important cryptocurrency last Friday fell strongly from almost $ 27,000 to less than $ 26,000. The weekend was somewhat more positive and less volatile, since the asset gained some value and was around $ 26,000.

The US VPI numbers on Wednesday did not really change the situation, because BTC rose and fell by a few hundred dollars within an hour. The decision of the US Federal Reserve to suspend the interest rate increases changed the situation.

instead of going north, as some experts believed, Bitcoin crashed from $ 26,000 to a three-month low of less than $ 25,000 yesterday, which put the Fear and Green Index in a scary state again.

After a report from Blackrock via a Bitcoin spot ETF in the USA, there was a certain relief in the price of the financial value. In view of the importance of such a large company that supports a BTC spot ETF, the cryptocurrency increased by more than one thousand and reached almost $ 26,000.

Nevertheless, he could not overcome this level and declined by a few hundred dollars. Its market capitalization is still just under $ 500 billion, but its dominance compared to the old coins has risen to almost 48 %.

BTCUSD. Tradingview

Alts see minor profits

The old coins also suffered greatly yesterday, but most of them recorded slight growth in the day comparison. Ethereum fell to less than $ 1,650 a day ago, which was also a low in several months for the asset. An increase of 2 % since then has brought him to $ 1,675.

ripple, Dogecoin, Shiba Inu and Avalanche have added similar percentages since yesterday. Litecoin has increased by 3.5 % and is now $ 75.

Binance Coin, Ripplesolana and Polkadot are also in the green area compared to the larger old coins, albeit to a more modest extent.

The native token from Lido Dao and ICP have increased most of the top 36. LDO has risen by 4 %, while ICP has increased by 5.5 % and is traded near $ 4.

The crypto market capitalization has recovered by around $ 20 billion since yesterday's low and is now $ 1.040 trillion.

Overview of the cryptocurrency market. Quantify crypto