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Gate Square New & Returning Creator Rewards are ongoing!
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The recent surge in the cryptocurrency market, led primarily by bitcoin org information
, Ethereum, and XRP, has added an impressive $600 billion to their combined market cap. This rally is largely attributed to the growing anticipation around BlackRock’s application for a Bitcoin spot exchange-traded fund (ETF) in June, as explained by The Economic Ninja, a prominent analyst.
BlackRock’s potential entry into the Bitcoin ETF space has caused a significant stir on Wall Street. Notably, Kathy Wood, the founder of Ark Invest, has expressed optimism about this development. She views BlackRock’s Bitcoin ETF filing as a pivotal moment that could significantly boost Bitcoin’s value in the coming years.
The combined market cap of major cryptocurrencies like Bitcoin, Ethereum, and XRP reached a high of around $3 trillion in late 2021. However, the market experienced a dramatic downturn in 2022, with over $2 trillion in value being wiped out, leading to the collapse of several crypto companies.#ContentStar #HotTopicDiscussion #Gate Post Highlights #StarGrowthProgram #HotColumn