The price of the first cryptocurrency fell to $33,500. This happened against the backdrop of the removal of BlackRock's proposed spot Bitcoin ETF - iShares Bitcoin Trust - from the list of DTCC assets. The instrument designated under the ticker IBTC appeared on the corporation's website on October 24. It was the only spot Bitcoin ETF on the DTCC list. The financial instrument is still subject to registration with the SEC Reporter Colin Wu, citing unnamed analysts, reported that the Commission may 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.
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, have assumed that the price of digital gold will rise to $40,000 in the coming months.
