How Bitcoin’s revival to $35K can affect its upcoming movement

#Bitcoin's [#BTC ] price surged beyond $35,000 once more following its recent loss of sway over the market. Santiment suggests that the market's increased optimism following BlackRock's iShares #ETF 's re-listing on the Depository Trust and Clearing Corporation (#DTCC ) market may be the cause of the comeback.

For those who are unfamiliar, the DTCC is a US-based company that offers financial market clearing and settlement services. The iShares ETF debuted on the DTCC market two days ago. Because of this, market participants assumed that the firm's ETF application would be granted sooner than anticipated.

However, the listing was removed a few hours later, and the U.S. #SEC promptly fined BlackRock $2.5 million. But the fine had nothing to do with the DTCC listing. Instead, it had to do with the organization's omission of some investments from disclosure.