The price of bitcoin is up 37% since July 25, 2022. And the market is still enthusiastic about recent filings by Blackrock for approval to offer a bitcoin exchange traded fund, or ETF, notwithstanding the U.S. Securities and Exchange Commission's request for additional information about its application.
Reacting to news of the Blackrock filing, market analysts like Barron's predicted that financial institutions would flock to crypto.
Maybe we are enjoying a Caribbean vacation from crypto winter, and will soon return to the icebox trends of low-volume trading, falling values and shuttered projects. Or maybe the crypto winter has started to thaw. It is hard to say what the future holds.
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