The price of Bitcoin (CRYPTO: BTC) just crossed the $31,000 mark for the first time since July. Here’s a look at what’s going on.
What To Know: Bitcoin is up more than 4% over the last 24 hours and nearly 11% over the last week amid multiple developments that appear to be boosting the broader cryptocurrency market.
The momentum in Bitcoin appears to be partially driven by continued optimism surrounding a potential spot ETF.
BlackRock and Fidelity introduced changes to their spot Bitcoin ETF submissions last week and Grayscale recently submitted an S-3 filing with the SEC indicating that it intends to list shares of the Grayscale Bitcoin Trust on the NYSE Arca as part of the company’s ongoing push to ...