Bitcoin tops $29,000 for first time as traditional financial institutions drive optimism in cryptocurrency market

Bitcoin, the largest cryptocurrency by market capitalization, has surpassed its highest in a month, topping $29,000. This is due to rising bullish sentiment as traditional financial players further advance cryptocurrencies. Last week, investment giant BlackRock (BLK) applied for a U.S. Bitcoin exchange-traded fund (ETF), and on Tuesday, Deutsche Bank said it had applied for a German digital asset custody license. Additionally, cryptocurrency exchange EDX Markets started its trading services. Following these developments, Bitcoin appeared to be outperforming most other digital assets, rising 8% in 24 hours and pushing towards levels not seen since May 6, 2022. Some traders believe there are further gains to come as the cryptocurrency could approach $30,400. #合约锦标赛