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Bitcoin price surges on BlackRock ETF filing and Fidelity rumors

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Bitcoin price surges on BlackRock ETF filing and Fidelity rumors Bitcoinprice BTC crypto

- The outlook for the cryptocurrency market improved on Tuesday as BlackRock's recent application for a spot Bitcoin exchange-traded fund, and rumors that Fidelity is looking to follow suit, helped boost BTC and the broader altcoin market.

Data provided by TradingView shows that after holding near $27,000 in the first half of the trading day on Tuesday, Bitcoin’s price spiked in the afternoon, hitting a daily high of $28,315 before pulling back to support at $28,200.Kitco senior technical analyst Jim Wyckoff highlighted that “July Bitcoin futures prices [were] higher in early U.S. trading Tuesday, as the market has seen a good short-covering bounce after prices last week hit a three-month low.

 

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