{"id":23534,"date":"2023-06-16T13:17:31","date_gmt":"2023-06-16T17:17:31","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/bitcoin-prices-rise-blackrocks-etf-filing-is-boosting-cryptos\/"},"modified":"2023-06-16T13:17:31","modified_gmt":"2023-06-16T17:17:31","slug":"bitcoin-prices-rise-blackrocks-etf-filing-is-boosting-cryptos","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23534","title":{"rendered":"Bitcoin Prices Rise. BlackRock’s ETF Filing Is Boosting Cryptos."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

\n Bitcoin
\n rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate increases could be ahead.<\/p>\n

The price of
\n Bitcoin
\n has gained 2.7% over the past 24 hours to about $25,570. That\u2019s up after it sank below $25,000 on Thursday, but still lower than the $26,000 to $27,000 range that has dominated for much of the period since the largest digital asset hit a 10-month high above $30,000 in April.\u00a0<\/p>\n

\n

Higher interest rates tend to hurt riskier assets, but stocks have rallied since the Fed\u2019s decision on Wednesday to pause on raising interest rates. Crypto got a boost when
\n BlackRock
\n (ticker: BLK), the world\u2019s biggest money manager, filed an application Thursday with regulators to create a Bitcoin exchange-traded fund. It adds credibility to crypto weeks after the Securities and Exchange Commission formally accused exchanges Binance and
\n Coinbase
\n (COIN) of trading unlicensed securities.<\/p>\n

\u201cBlackRock\u2019s effort to double down on providing their clients with crypto products is a welcoming development as the industry,\u201d said Yuya Hasegawa, a crypto market analyst at Bitbank. \u201cHowever, the price of Bitcoin failed to fully recover the post-Fed loss.\u201d<\/p>\n

Other cryptocurrencies also gained.
\n Ethereum,<\/span>
\n the second-biggest coin, added 2%.
\n Cardano
\n rose 2.2%,
\n Polygon
\n fell 3.4%,
\n Dogecoin
\n rose 1.8%, and
\n Shiba Inu
\n was up 2.7%.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate increases could be ahead. The price of Bitcoin has gained 2.7% over the past 24 hours to about $25,570. That\u2019s up after it sank below $25,000 on Thursday, but still lower than the […]<\/p>\n","protected":false},"author":1,"featured_media":18508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-23534","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nBitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=23534\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=23534\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-16T17:17:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1685997727_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=23534#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=23534\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Bitcoin Prices Rise. BlackRock’s ETF Filing Is Boosting Cryptos.\",\"datePublished\":\"2023-06-16T17:17:31+00:00\",\"dateModified\":\"2023-06-16T17:17:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=23534\"},\"wordCount\":233,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=23534#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=23534\",\"url\":\"https:\/\/ifintechworld.com\/?p=23534\",\"name\":\"Bitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-16T17:17:31+00:00\",\"dateModified\":\"2023-06-16T17:17:31+00:00\",\"description\":\"Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=23534#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=23534\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=23534#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Prices Rise. BlackRock’s ETF Filing Is Boosting Cryptos.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. | iFintechWorld","description":"Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=23534","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. | iFintechWorld","og_description":"Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate","og_url":"https:\/\/ifintechworld.com\/?p=23534","og_site_name":"iFintechWorld","article_published_time":"2023-06-16T17:17:31+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1685997727_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=23534#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=23534"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Bitcoin Prices Rise. BlackRock’s ETF Filing Is Boosting Cryptos.","datePublished":"2023-06-16T17:17:31+00:00","dateModified":"2023-06-16T17:17:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=23534"},"wordCount":233,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=23534#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=23534","url":"https:\/\/ifintechworld.com\/?p=23534","name":"Bitcoin Prices Rise. BlackRock's ETF Filing Is Boosting Cryptos. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-16T17:17:31+00:00","dateModified":"2023-06-16T17:17:31+00:00","description":"Bitcoin rebounded Friday after dropping to its lowest point in three months earlier the week after the Federal Reserve signaled more interest-rate","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=23534#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=23534"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=23534#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Prices Rise. BlackRock’s ETF Filing Is Boosting Cryptos."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/23534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23534"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/23534\/revisions"}],"predecessor-version":[{"id":23535,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/23534\/revisions\/23535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/18508"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}