Bitcoin Hits a Six-Week High as Financial Titans Step Up Crypto Initiatives
- New crypto exchange backed by Citadel, Fidelity stirs optimism
- BlackRock, WisdomTree are seeking permission for Bitcoin ETFs
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Bitcoin climbed to $30,000 for the first time since April, buoyed by crypto initiatives involving major players from the traditional financial sector.
The largest digital asset rose as much as 6.5% and traded at $29,927 as of 12:12 p.m. in New York on Wednesday, lifting the token’s rebound this year to around 80%. Smaller coins such as Ether, Cardano and Solana also posted gains.