Bitcoin rises above $30,000: Hot news from the crypto market April 26

Over the past 24 hours, the price of Bitcoin (BTC) recorded a high of $30,470 and a low of $29,012, while the price of Ethereum also fell below the $2,000 level, shedding 6.6% to $1,982. In addition, in the top 10 most capitalized cryptocurrencies, all coins, with the exception of a number of stablecoins, showed negative dynamics within 24 hours.

What happened on the crypto market on April 26

Several events took place on the crypto market on April 26. In particular, ARK Invest and 21Shares have applied to launch a bitcoin-based spot exchange-traded fund (ETF) for the third time, and information about this appeared in documents from the US Securities and Exchange Commission (SEC), whose team is to decide on this instrument.

In addition, the morning review of BeInCrypto on April 26 mentioned the resumption of growth in bitcoin, the release of NFTs (non-fungible tokens) by the popular rap artist Eminem, as well as the renewal of maximum trading volumes on crypto exchanges in April.

Consider a few more reasons why Bitcoin could rise in the last 24 hours:

1. Launch of US government program: One of the reasons for Bitcoin’s rise may be related to the news of the launch of a government program in the US, which aims to provide local banks with access to liquidity to cover deposit obligations. This can generate investor interest and increase the demand for bitcoin, which in turn can lead to its growth.
2. The impact of bitcoin on the state of the market: Bitcoin is the main pair on many cryptocurrency exchanges, and its movement in the market can affect the overall state of the cryptocurrency market. If bitcoin rises, it may cause a positive reaction from other cryptocurrencies, as many investors attach importance to the movement of bitcoin and use it as an indicator for making investment decisions.
3. Other news and events: In addition, Bitcoin may rise under the influence of other news, events or factors, such as changes in the regulatory environment, announcements of new technological developments, partnerships or integrations with large companies and financial institutions, changes in demand or supply for market, etc. These factors can have an impact on the cryptocurrency market as a whole and cause bitcoin to rise.

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