Bitcoin failed to gain a foothold around $30,000

Earlier this week, media outlets spread the news about the legalization of BlackRock’s bitcoin-ETF spot crypto fund.
Digital currencies began to gain in value on expectations of a massive influx of institutional capital into the industry. Bitcoin (BTC) showed a short-term growth of 10% to $30,000.
However, after it was revealed that the legalization of the bitcoin-ETF was a fake, the largest cryptocurrency fell below $29,000. At the time of publishing this review, BTC was trading at $28,377.

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