As we recently reported as Bitcoinsistemi.com, the Bitcoin price experienced a sudden rise with BlackRock setting its ticker for its spot ETF and rumors that it is now only a matter of time before the spot ETF is approved.
Within minutes, BTC first rose to $32,000, then to $33,000, and finally to $34,000. It formed a peak around $34,750 with a candle wick.
The world's largest cryptocurrency, which has fallen slightly from its peak at the time this article was written, is traded at $ 33,503.
Ethereum rose along with Bitcoin and reached $1800.
With the rise, a short position of $135 million was liquidated in the last hour. Liquidation in the last 24 hours was measured as 324 million dollars.
Peter Schiff, who has always declared that he hates BTC, said the following about the latest rise:
“Bitcoin pumpers claim that once more Bitcoin ETFs hit the market, investment professionals will start buying them for their clients. This will never happen. There is too much legal liability. Investment advisors will not buy them, and stock brokers will only accept involuntary buy orders.” will.”
*This is not investment advice.