Bitcoin Skyrockets To $34K On BlackRock News, Ethereum, Dogecoin Follow: Analyst Says $42K Easy Target For King Crypto

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Bitcoin reached $32,000 and $34,000 in one day. BlackRock is preparing its proposed bitcoin ETF, which is now featured on the Depository Trust and Clearing Corporation (DTCC) website. The recent rallies at the beginning of the week are believed to be a result of the growing excitement surrounding the potential approval of Bitcoin spot ETF applications. The global crypto market cap currently stands at $1.24 trillion, reflecting an increase of 7.22% in the past 24 hours. The Nasdaq Composite inched higher on Monday, benefiting from a retreat in Treasury yields and the anticipation of earnings reports from tech industry leaders.