Bitcoin Peaks at 13-Month High, Amplified by ETF Optimism and BlackRock CEO Remarks

  • Bitcoin rose to reach a 13-month high of $31,450, following comments by BlackRock CEO Larry Fink endorsing institutional interest.
  • Despite its gain being offset by better-than-expected U.S. job data fueling worries about interest rates, Bitcoin’s hike contrasts with weakened stock prices and yields.
  • Although on-going selling resistance around $31,000 continues to weigh it down, analysts state this will eventually break as traditional markets anticipate a risk-off mood.
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