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Bitcoin touches a 13-month high on BlackRock CEO comments, growing ETF optimism
The price of bitcoin touched a 13-month high on Thursday as optimism grew among investors that the U.S. could soon get a bitcoin ETF. Bitcoin was last higher by more than 2% and trading at $31,209.18, according to Coin Metrics. Earlier in the morning, it climbed to about $31,450, reaching its highest level since June 2022. The move was in contrast to somewhat weaker stock prices and as the yield on the 10-year U.S. Treasury note marches back up to nearly 4%. Meanwhile, cryptocurrency liquidity has been low for several months and continues to exaggerate both up and down moves. Sentiment among traders was high though, ... (full story)