Bitcoin Crosses $30K, Congress to Look At Crypto Regulation
Jun 21, 2023
Market Update Bitcoin has crossed above $30K for the first time since April after rising 9.4%, on track for one of its best daily performances of the year. Crypto has seen its recent decoupling from equities continue, as the S&P and Nasdaq are down 0.41% and 1.22%, respectively. Initial bullish price action from BlackRock's ETF application was further reinforced by additional spot $BTC ETF applications from both Invesco and Wisdom Tree yesterday. Bitcoin's initial move higher was notable as it occurred primarily during U.S. trading hours, potentially indicating organic institutional flows dro