Bitcoin bulls grill $31K as Fidelity ETF move fuels BTC price strength

Bitcoin

$30,691

challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation.The start of United States trading saw fresh positive news as asset manager Fidelity Investments reportedly prepared a filing to launch its Bitcoin spot-based exchange-traded fund (ETF).

“First it happens slowly, then all at once,” financial commentator Tedtalksmacro wrote in part of a reaction, referring to existing ETF plans from largest global asset manager BlackRock and others.