Bitcoin holds firm at $30k: what lies ahead for crypto market
A glance at the crypto world reveals bitcoin (BTC) is experiencing a pause at the $30,000 mark, but does this stagnation indicate an impending bear market or a precursor to another bull run? Let’s delve deeper. The world’s first and most renowned cryptocurrency has seen its market dominance rise to over 50%, encompassing nearly half of the $1.1 trillion total crypto market. This leap to dominance, its highest share in over two years, signifies a significant shift from the start of the year when its share was around 40%, according to CoinMarketCap. As of June 28, BTC was trading at $30,309, up over 4% in the last seven days. BTC 7-day chart | Source: CoinMarketCap The impact of ETF filings and market sentiment Crypto pundits worldwide keenly observe the resurgence of interest in bitcoin ETF filings from behemoths like Fidelity and BlackRock. Companies with overall $20+ Trillion are rushing to get their Bitcoin spot ETF and you are believing the bears who ar...