It was a good week for holders of virtually all leading cryptocurrencies, including Bitcoin, Solana, and XRP.

After many weeks of inertia and slow movement, Bitcoin (BTC) finally rebounded with some bullish price action, adding 10% over the last seven days to change hands at $29,523 as of this writing. The rest of the market rebounded with it.

Bitcoin’s rally began on Monday, following last Friday’s news that the U.S. Securities and Exchange Commission would not be appealing a court verdict that labeled the regulator’s rejection of crypto asset manager Grayscale’s ETF application “arbitrary and capricious.”

The world’s favorite cryptocurrency also received another boost—of around 10%—on Monday when Cointelegraph tweeted fake news that Wall Street titan Blackrock had been approved to launch a U.S. Bitcoin spot ETF.

BlackRock CEO Larry Fink responded to the price pump that day, saying during an appearance on FOX Business: “It’s just an example of the pent-up interest in crypto. I think the rally today is about Go to Source to See Full Article
Author: Tim Hakki

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