{"id":179986,"date":"2023-10-24T14:27:44","date_gmt":"2023-10-24T08:57:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179986"},"modified":"2023-10-24T14:27:44","modified_gmt":"2023-10-24T08:57:44","slug":"bitcoin-jumps-4k-in-4-hours-as-it-touches-35k-on-blackrock-seeding-anticipation-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-jumps-4k-in-4-hours-as-it-touches-35k-on-blackrock-seeding-anticipation-crypto-news\/","title":{"rendered":"Bitcoin jumps $4k in 4 hours as it touches $35k on BlackRock seeding anticipation – Crypto News"},"content":{"rendered":"

Bitcoin (BTC<\/a>) continues demonstrating its market resilience with a substantial uptick in its value over the past week.<\/p>\n

On a 24-hour cycle, Bitcoin\u2019s value has grown by 10.38%, and over the last seven days, it has seen an impressive 20.42% increase. This surge, which brings the leading cryptocurrency\u2019s price to $33,916 as of press time, underscores the influence of various market factors and potential developments on Bitcoin\u2019s market trends.<\/p>\n

Between Oct. 21 and 23, Bitcoin\u2019s value hovered around the $31,000 mark, maintaining a relatively stable trend. However, a significant bullish movement was seen on Oct. 23, with Bitcoin\u2019s price sharply rising from around $31,000 to just under $35,000. A substantial spike in trading volume, indicative of robust buying pressure, accompanied this uptick.<\/p>\n

Following this surge, a slight correction occurred this morning, Oct. 24, as Bitcoin\u2019s price pulled back to around $33,987, according to the last recorded candlestick. This adjustment might portray a normalized market response following a significant peak, reinforcing the dynamic nature of crypto markets.<\/p>\n

Simultaneously, recent reports suggest potential market developments that may contribute to the digital asset\u2019s performance. As reported<\/a> by Bloomberg analyst Eric Balchunas, global asset manager BlackRock indicates plans to seed its iShares spot Bitcoin Exchange-Traded Fund (ETF). Although the company hasn\u2019t yet confirmed its purchase or revealed detailed plans, such a move could further stir up the market.<\/p>\n

BlackRock\u2019s potential involvement in Bitcoin ETF seeding may provide additional depth to Bitcoin\u2019s market narrative. It highlights institutional investors\u2019 growing interest and anticipated entry into the crypto landscape. Further, last week\u2019s inflows<\/a> into currently available digital asset funds rose 340% week-on-week.<\/p>\n

However, it\u2019s vital to remember that while these developments contribute to the overall market environment, Bitcoin\u2019s price dynamics remain subject to many other influencers.<\/p>\n

The post Bitcoin jumps $4k in 4 hours as it touches $35k on BlackRock seeding anticipation<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) continues demonstrating its market resilience with a substantial uptick in its value over the past week. On a 24-hour cycle, Bitcoin\u2019s value has grown by 10.38%, and over the last seven days, it has seen an impressive 20.42% increase. This surge, which brings the leading cryptocurrency\u2019s price to $33,916 as of press time, […]<\/p>\n","protected":false},"author":2,"featured_media":179987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179986"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179986\/revisions"}],"predecessor-version":[{"id":179988,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179986\/revisions\/179988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179987"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}