Alex Dovbnya<\/p>\n
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Amid a tumultuous day marked by ETF listing confusion, Bitcoin recouped losses to retake the prestigious $34,000 mark<\/p>\n<\/div>\n
After paring some of its gains, Bitcoin, the flagship cryptocurrency, has managed<\/a> to reclaim the coveted $34,000 level. A clarification by the Depository Trust and Clearing Corporation (DTCC) likely contributed to the price spike.\u00a0<\/p>\n The sheer speculation surrounding the possibility of BlackRock and other Bitcoin ETF applicants getting the green light has driven Bitcoin to its largest two-day rally in the last seven months.\u00a0<\/p>\n This bullish sentiment faced a hurdle<\/a> when BlackRock’s iShares Bitcoin Trust, known as IBTC, was abruptly delisted from the DTCC’s roster. This move, whether due to a technical error or premature listing, led to a sharp decline in Bitcoin’s price.<\/p>\n The prior listing had already spurred considerable market excitement since many viewed it as a step closer to an imminent crypto ETF launch and potential official endorsement.<\/p>\n However, the DTCC clarified<\/a> that an ETF’s appearance on their website is a standard preparation step and doesn’t indicate regulatory approval status. Interestingly, the ETF had been listed on the site since August. Following this clarification, the Bitcoin price reclaimed the $34,000 level.\u00a0<\/p>\nDTCC listing stirs market<\/h2>\n
A sea of green\u00a0<\/h2>\n
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