Bitcoin is up 3.40% in the last 24 hours. Many large finance companies have joined the cryptocurrency ecosystem since BlackRock, the world’s biggest asset management company, applied for a spot Bitcoin exchange-traded fund (ETF) last week. Deutsche Bank AG has applied for a digital asset license with Germany’s financial regulator, BaFin, and Fed Chairman Jerome Powell has said that cryptocurrencies, like Bitcoin, have “staying power”. These developments may have contributed to the rise of Bitcoin.
