Bitcoin rose again after the JOLTS data released in the US and rose above $ 70,000. The Singapore-based crypto investment company predicted that this rise could continue in the short term.
Company analysts noted that more and more countries are approving Bitcoin spot ETFs. Analysts said, “After the BlackRock ETF became the fastest fund to cross the $ 20 billion level, we see that other countries are taking steps quickly. Thailand has approved the Bitcoin spot ETF, while in Australia, these funds will open for the first time today,” analysts said.
On the other hand, analysts stated that the non-farm employment data to be announced in the US on Friday could have a significant impact on Bitcoin prices. Stating that a figure below expectations could trigger a new record in Bitcoin, analysts said, “We expect the rise to increase further with the US non-farm employment data. Markets see the chance of a rate cut for June and July as 0%. However, a weak employment data could change this situation and lead to a new record in Bitcoin,” analysts said.
They also stated that with the opening of Ether spot ETFs, ETH is expected to move in parallel with Bitcoin's rise.
