Crypto Market Surges as Bitcoin Nears $40K, Ethereum Regains $2K on BlackRock ETF News
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Bitcoin and crypto prices have surged this week, adding billions to the market. Bitcoin neared $40K, ethereum regained $2K.
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BlackRock filed for a spot ETF for ethereum, sparking a potential "nuclear winter" for crypto skeptics.
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Ethereum shorts likely panicked amid massive short squeeze and highest ever funding rates.
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Market watchers cheered the BlackRock news, following reports SEC opened dialogue with Grayscale on a bitcoin spot ETF.
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Bitcoin broke past resistance at $30K-$31K. Next target could be $45K highs seen in March 2022.