Bitcoin hits $30,000 for the first time since April; Valkyrie files for spot Bitcoin ETF; USDT launched on Kava network
Bitcoin reached $30,000 after the June 21 Wall Street opening.
According to data from TradingView, BTC has reached its highest level in the last few months.
Bitcoin’s price action has been in an uptrend following the Bitcoin ETF filings.
Thus, the week-long downward movement of BTC/USD came to an end and it experienced a 20% increase after the low of $ 24,800 seen on June 15.
While traders set short-term targets, on-chain tracking resource Material Indicators focused on $30,000, an important level to surpass.
The company, which showed the BTC / USD parity on Binance, stated that a resistance was formed at $ 30,000.
Material Indicators drew attention to Fed Chairman Jerome Powell’s statements before the House Financial Services Committee.
Known for his contributions to the on-chain analytics platform CryptoQuant, Maartunn said, “Americans are buying.”
Yesterday, the intensity of activity on Coinbase started at a similar time as it does today. A chart compared BTC/USD on Coinbase to Binance, signaling the “strongest buying pressure” of the day.
Valkyrie files for spot Bitcoin ETF
Investment giant Valkyrie has become the last company to apply for a spot Bitcoin ETF.
The company has formalized its Bitcoin ETF application with the code $BRRR.
According to information shared by James Seyffart of Bloomberg, Valkyrie has applied for an ETF to be listed on the Nasdaq, just like BlackRock’s application.
Valkyrie, which previously offered Bitcoin Strategy and Bitcoin Miners ETFs, has now applied for a spot Bitcoin ETF.
The U.S. Securities and Exchange Commission (SEC) has not yet approved a spot Bitcoin ETF. BlackRock, Invesco, and WisdomTree have also recently filed for spot Bitcoin ETFs.
Bitcoin, the leading cryptocurrency, started to rise after ETF applications. The asset managed to reach the highest level since April, surpassing the threshold of $ 30,000 during the day.
USDT launched on Kava network
Tether’s stablecoin USDT has been integrated into the Kava network.
According to the statement made by Tether, USDT has been launched on the layer-1 blockchain network Kava.
The Kava network, which emerged in 2018, stands out with its scalability and speed.
Tether CTO Paolo Ardoino expressed his views on the matter:
“At Kava, we are excited to launch USDT, the world’s first, most stable, reliable and widely used stablecoin.
Tether pointed out that with the Kava integration, the position of USDT has become even more solid. Apart from Kava, USDT has also been launched on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni and Tron networks.
