{"id":26575,"date":"2023-06-23T13:22:10","date_gmt":"2023-06-23T17:22:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/bitcoin-surges-to-above-31000-as-the-crypto-rally-resumes\/"},"modified":"2023-06-23T13:22:11","modified_gmt":"2023-06-23T17:22:11","slug":"bitcoin-surges-to-above-31000-as-the-crypto-rally-resumes","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26575","title":{"rendered":"Bitcoin Surges to Above $31,000 as the Crypto Rally Resumes"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000676977\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Bitcoin<br \/>\n       and other cryptocurrencies were rising Friday as the rally sparked by institutional interest in the sector resumed.\u00a0<\/p>\n<p>\n        Bitcoin<br \/>\n       has risen 2.8% to $30,979 over the past 24 hours. The largest cryptocurrency earlier traded above $31,000. The last time Bitcoin traded above $31,000 was on\u00a0June 8, 2022, according to Dow Jones Market Data. <strong>\u00a0<\/strong><\/p>\n<div class=\"paywall\">\n<p>Buying interest in Bitcoin has been fierce this week after a flurry of news around institutional interest in cryptocurrencies, including the launch of a new crypto exchange backed by Wall Street firms and applications from<br \/>\n        BlackRock<br \/>\n       (ticker: BLK) and other firms to launch exchange-traded funds which would own the digital currency.<\/p>\n<p>\u201cShould BlackRock or other firms be successful in this endeavor for a spot Bitcoin ETF, this may incite competition for spot-Bitcoin ETFs, incentivize firms to create other spot-crypto ETFs, and\/or pave the way for other crypto productions that incorporate traditional financial instruments,\u201d analysts at J.P. Morgan wrote in a research note.<\/p>\n<p>Beyond Bitcoin,<br \/>\n        Ether<br \/>\n       \u2014the second-largest crypto\u2014was rising 1% to $1,908. Smaller cryptos, or altcoins, such as<br \/>\n        Cardano<br \/>\n       and<br \/>\n        Polygon<br \/>\n       also moved higher.<br \/>\n        Dogecoin<br \/>\n       was up 1.7%.<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/bitcoin-crypto-markets-today-a59eec40?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and other cryptocurrencies were rising Friday as the rally sparked by institutional interest in the sector resumed.\u00a0 Bitcoin has risen 2.8% to $30,979 over the past 24 hours. The largest cryptocurrency earlier traded above $31,000. The last time Bitcoin traded above $31,000 was on\u00a0June 8, 2022, according to Dow Jones Market Data. \u00a0 Buying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-26575","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Surges to Above $31,000 as the Crypto Rally Resumes | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin and other cryptocurrencies were rising Friday as the rally sparked by institutional interest in the sector resumed.\u00a0 Bitcoin has risen 2.8% to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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