Crypto Price Today: Bitcoin hits $30,300 mark on BlackRock's ETF plan

economictimes.indiatimes.com:

cryptocurrency markets rose for the third straight day on Thursday, helped by BlackRock's plan to create a bitcoin exchange-traded fund (ETF) even as the sector faces US regulatory scrutiny. BlackRock, the world's biggest asset manager, filed for the exchange last week which would allow investors to get stakes in the asset class. Bitcoin (BTC) surged 5% to $30,326, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $31.48 billion, rising 25% in the last 24 hours. «Bitcoin hovered above the US$30,000 level gaining 5% over the previous day as investors continued to cherish the news of multiple spot Bitcoin ETF filings,» Edul Patel, Co-Founder & CEO of Mudrex said.

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«On the other hand, Ethereum also rose above the US$1,900 level signaling strong buying momentum. Overall, the market is bullish and filled with positive investor sentiment,» Edul said. Other top crypto tokens were also trading higher. Cardano, Dogecoin, Shiba Inu, and Litecoin surged over 7% each. The global cryptocurrency market cap was trading higher around $1.18 trillion, rising 5% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $588 billion. Bitcoin’s dominance is currently 49.55%, an increase of 0.29% over the day, according to CoinMarketCap. «Bitcoin has entered a key resistance zone that extends up to $32,500 after a strong rally in the past two days. It is