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Breaking: Bitcoin Soars Past $30,000 Following BlackRock's and Invesco's ETF Applications

Wed, 06/21/2023 - 16:33
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Alex Dovbnya
Bolstered by recent ETF filings by financial powerhouses BlackRock and Invesco, Bitcoin, the world's largest cryptocurrency, has witnessed a dramatic surge, breaking past the $30,000 mark for the first time since April 19
Breaking: Bitcoin Soars Past $30,000 Following BlackRock's and Invesco's ETF Applications
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Bitcoin, the world's largest cryptocurrency by market cap, has experienced a sudden surge, breaking above the $30,000 price point for the first time since Apr. 19. 

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This notable increase comes on the heels of significant movements in the crypto investment sphere, particularly revolving around exchange-traded fund (ETF) filings by financial heavyweights BlackRock and Invesco​​.

Last week, asset management giant BlackRock filed an application for what would be the first-ever spot Bitcoin ETF in the U.S. Despite some skepticism by leading analysts, this move by BlackRock has been viewed as a strong signal of Bitcoin's continued interest among the world's largest financial institutions.

The world's largest cryptocurrency is changing hands at $30,397 on the Bitstamp exchange at press time. It is up more than 11% over the past 24 hours alone.  

The market cap of the largest cryptocurrency currently stands at $592 billion.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at