Bitcoin is trading at an annual high

Cryptocurrency market analysts note that due to a 5% increase over the week, bitcoin is trading at an annual high. Currently, the market leader’s price is $ 30,456.

In June, BTC $94,228.12 Bitcoin -2.50% Market capitalization $1.87 trillion VOL. 24 hours $2.02 billion grew by 8.8%, and at the end of last week, the HTC reached an annual high of $ 31,400.

The investment appeal of bitcoin has increased due to the willingness of American financial companies to issue instruments that track the performance of the asset. Following the BlackRock giant, Fidelity Corporation also wants to launch a spot crypto ETF-bitcoin fund. The corresponding application will soon be sent to the US Securities and Exchange Commission (SEC) for consideration.

The co-founder of the decentralized exchange Vertex Protocol, Darius Tabatabai, told Bloomberg that the launch of spot bitcoin ETFs will create conditions for the massive entry of large capital into the crypto sphere.

Jaime Baeza, founder of the ANB Investments hedge fund, shares the same view. «Despite the regulatory problems in the US, the actions of BlackRock and Fidelity confirm the growing institutional interest in digital assets,» Baeza emphasized.