Bitcoin Opens Week Defending $30K Support Level

A bitcoin ETF is the only thing on the market’s mind. BlackRock CEO Larry Fink’s embrace of bitcoin – an about-face for the finance executive – is dividing analysts and the industry at large. The world’s largest digital asset continues to defend the $30,000 mark, opening Asia’s trading week at $30,171. Ether is also holding above $1,800, trading at $1,863. BlackRock has refiled its application, and DiPasquale says the market awaits more clarity around this development. “We still maintain that continued trading above $30K will see more attempts to go higher. Meanwhile, $27K remains a strong support for now,” DiPasquale said.

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