Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30,000 Level
- BlackRock among spate of efforts to start US spot Bitcoin ETFs
- Measure of token’s momentum signals it’s becoming overbought
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A Bitcoin rally moderated near $30,000 as investors assessed a flurry of US applications to start exchange-traded funds investing in the token’s spot market, products American regulators have so far resisted.
The largest digital asset bobbed around the round-number level on Thursday following a 22% surge since BlackRock Inc.’s surprise June 15 filing with the Securities and Exchange Commission for permission to launch such an ETF.