Bitcoin's Price Hovers Above $26K Amidst Market Volatility.
TL;DR
Bitcoin's price remains stable at around $26,000, with traders waiting for new cues on the direction of the largest cryptocurrency. The Grayscale Bitcoin Trust (GBTC) has begun a fresh attempt at narrowing its heavy discount versus the BTC spot price, with the premium decreasing to -36.6% as of June 17. BlackRock has filed for a Bitcoin spot exchange-traded fund (ETF), while rumors suggest Fidelity Investments may follow. The Federal Reserve is among the macro catalysts for crypto markets this week, with Chair Jerome Powell due to testify before Congress over two days from June 21.
Topics:businesscryptocurrency#bitcoin#blackrock#btcusd#cryptocurrency#fidelity-investments#grayscale-bitcoin-trust
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