Bitcoin (BTC) achieves a new rally of 5% and continues to rise this week. In 48 hours the leading cryptocurrency has a growth of 10%, which has it above USD 36K. As of press time, the price of BTC is $ 36,312.
The entire crypto market has registered rises today. The Chinese restrictions seem to have been assumed by the ecosystem, which is already seeking to rearm itself with new mining poles. As the referents expect, the news may gradually turn into a good sign for the deconcentration of capital in a single country.
One of the most important news of the day has to do with ARK Invest. After announcing the crypto event that will bring together Jack Dorsey and Elon Musk in mid-July, the firm led by Catherine Wood filed the papers with the United States Securities and Exchange Commission (SEC) to create a bitcoin fund traded in stock market (ETF). The body has yet to approve any, and the pressure is mounting.
The market leaders and executives of the financial applicants hope that the SEC will finish approving them by the end of the year, which would open the market to large investments. Companies wishing to form their ETFs should make large initial investments, which would skyrocket the price of BTC significantly.
Alternative cryptocurrencies had a completely green day. Ether (ETH), the benchmark altcoin, grew 7% and surpassed $ 2.2K. As of press time, the price of ETH is $ 2,225.
The biggest jump of the day was for XRP. Ripple’s token grew more than 10% and is trading at $ 0.71. Litecoin (LTC) followed up 7% to $ 145, while Binance coin (BNB) and bitcoin cash (BCH) grew 5% and trade at $ 309 and $ 530 respectively.
Lastly, cardano (ADA) and dogecoin (DOGE) were up 3% and 2%, respectively, reaching $ 1.39 and $ 0.26.