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Bitcoin Skyrockets To $34K On BlackRock News, Ethereum, Dogecoin Follow: Analyst Says $42K Easy Target For King Crypto

Benzinga ·  Oct 23, 2023 22:15

Major cryptocurrencies recently skyrocketed on Sunday evening, thanks to Bitcoin's phenomenal performance throughout the week. It all started when Bitcoin exceeded $31,000 on Monday. But it didn't stop there. Bitcoin's price continued to soar, reaching $32,000 and even $34,000 all in one day.

Cryptocurrency

Gains +/-

Price (Recorded 9:30 p.m. EDT)

Bitcoin (CRYPTO: BTC)

+12.33%

$34,043

Ethereum (CRYPTO: ETH)

+6.23%

$1,780

Dogecoin (CRYPTO: DOGE)

+8.00%

$0.066

What Happened:The world's largest asset manager,BlackRock, is making progress in preparing its proposed bitcoin ETF, as experts in the industry have identified positive indicators that such products may be approved. BlackRock's upcoming iShares Bitcoin Trust is now featured on the Depository Trust and Clearing Corporation (DTCC) website.

The fund's ticker symbol is...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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