The price of the first cryptocurrency fell to $33,500. This happened against the background of the removal of BlackRock’s proposed spot Bitcoin ETF – iShares Bitcoin Trust – from list DTCC assets.
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Wait, with today’s update, now the iShares Bitcoin Trust IBTC is gone from DTCC’s list? @EricBalchunas @JSeyff pic.twitter.com/fH9oy4ribx
— Joe Light (@joelight) October 24, 2023
The instrument designated under the IBTC ticker appeared on the corporation’s website on October 24. It was the only spot Bitcoin ETF on the DTCC list. The financial instrument remains subject to registration with the SEC.
Reporter Colin Wu citing unnamed analysts reportedthat the Commission could have contacted BlackRock, “asking them to wait.”
The chart below shows a “puncture” of the $33,500 level, followed by a slight recovery in the price of Bitcoin.
15-minute BTC/USDT chart of the Binance exchange. Data: TradingView.
As expected, altcoins from the top 10 of the CoinGecko rating plunged into the “red zone”.
Data: CoinGecko.
Previously, the price of Bitcoin tested $35,000, corresponding to the levels of early May 2022. The growth of the market flagship has significantly revived altcoins.
Some analysts, including experts interviewed by ForkLog, allowed the price of digital gold to rise to $40,000 in the coming months.
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2023-10-24 16:00:46
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