Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number

10/07/2025

Senate Revives Crypto Market Structure Efforts as House Prepares for Policy Votes

10/07/2025

Bullbit and UnmarshalAI Unite to Launch AI-Powered, Web3 Multi-Chain Token Creation Platform

10/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference

    10/07/2025

    Can Bulls Hold $108K As Momentum Stalls?

    10/07/2025

    Crypto Trader Unveils ‘Absolute Worst-Case’ Scenario for Bitcoin As BTC Struggles To Clear $110,000

    10/07/2025

    Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote

    10/07/2025

    Ethereum (ETH) Price Prediction for July 5

    08/07/2025

    Bitmine rallied to over $135 after announcing ETH treasury

    08/07/2025

    92,873 Ethereum in 10 Minutes, What’s Going On?

    08/07/2025

    What to Expect for Bitcoin (BTC) and Ethereum (ETH) in July? Will There Be a Big Rise? Analyst Explains!

    08/07/2025

    Pump.fun sends $22m worth of SOL to Kraken: what’s behind the move? 

    10/07/2025

    600 Million Dogecoin in 48 Hours: What’s Going On?

    10/07/2025

    We Are Entering a Critical Week, Even Trump Has Warned – Numerous Economic Developments and Altcoin Activity Expected – Here Is the…

    09/07/2025

    Here’s What to Watch for in Altcoins in the New Week

    09/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Boxed Memecoins as Collectible Toys

    09/07/2025

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    09/07/2025

    Hype fades as NFT platforms lose users

    09/07/2025

    How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number

    10/07/2025

    Senate Revives Crypto Market Structure Efforts as House Prepares for Policy Votes

    10/07/2025

    Bullbit and UnmarshalAI Unite to Launch AI-Powered, Web3 Multi-Chain Token Creation Platform

    10/07/2025

    BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference

    10/07/2025
  • Blockchain

    Bullbit and UnmarshalAI Unite to Launch AI-Powered, Web3 Multi-Chain Token Creation Platform

    10/07/2025

    nDapp integrates Neo Native Bridge and reactivates Flamingo swap; adds protected giveaways to GasBot

    10/07/2025

    BitDoctor Partners with The Binary Holdings to Accelerate Web3 Adoption

    10/07/2025

    Zypher Network Raises $7M to Develop ZK Protocols for AI Agent Verification

    10/07/2025

    The Graph Brings Real Time Data Streaming to TRON, Providing Builders with Advanced Blockchain Insights

    10/07/2025
  • DeFi

    Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan

    10/07/2025

    AAVE Surges to 3-Week High, Dominating Soaring $56B DeFi Lending Market

    09/07/2025

    After PancakeSwap ban, Turkey may target other DeFi services, regulators explain

    09/07/2025

    Morpho crypto holds key level as TVL on Base nears $2b

    09/07/2025

    AAVE Token Rides DeFi Wave to New Heights

    09/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number

    10/07/2025

    Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups

    10/07/2025

    Crypto VC funding drops 22% in Q2 despite strong June finish

    10/07/2025

    Popular Design Company Applies For IPO, Filing Shows $70M in BTC ETF Holdings

    10/07/2025

    Elon Musk says OpenAI equity is fake, silent on Robinhood’s SpaceX stock token

    10/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    BBVA Launches Crypto Trading and Custodian Services for Spanish Retail Customers

    09/07/2025

    Bybit adds 18% GST for Indian users amid broader India crypto tax crackdown

    09/07/2025

    From 30M Global Users To A ‘Next-Generation Crypto Exchange’

    09/07/2025

    Unexpected Ripple (XRP) Move Comes from the Giant Brazilian Exchange!

    09/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    09/07/2025

    Publicly Traded Mining Firms Face Pressures While Bitmine Shares Surge

    09/07/2025

    Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”

    09/07/2025

    A Bitcoin Mining Powerhouse Emerges

    08/07/2025

    Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright

    08/07/2025

    Senate Revives Crypto Market Structure Efforts as House Prepares for Policy Votes

    10/07/2025

    Move over, big, beautiful bill: Crypto Week is coming

    10/07/2025

    Vietnam’s Bitcoin Regulation May Support FATF Compliance and Boost Financial Transparency

    10/07/2025

    Pay Attention to This Date in Cryptocurrencies! The First Cryptocurrency Report Will Come to Donald Trump’s Desk! Here Are the Details

    10/07/2025

    How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number

    10/07/2025

    Senate Revives Crypto Market Structure Efforts as House Prepares for Policy Votes

    10/07/2025

    Bullbit and UnmarshalAI Unite to Launch AI-Powered, Web3 Multi-Chain Token Creation Platform

    10/07/2025

    BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference

    10/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»Bitcoin Price Crosses $35,000, Here’s Why
Bitcoin

Bitcoin Price Crosses $35,000, Here’s Why

NBTCBy NBTC24/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Bitcoin price barreled past the $35,000 level on multiple exchanges about an hour ago and has continued to maintain impressive bullish momentum. The reason for the surge is once again tied back to the anticipation around a potential approval of the BlackRock Spot Bitcoin ETF and the expectations of it triggering a bull market.

BlackRock Spot Bitcoin ETF Listing Surfaces

The Bitcoin price rally was triggered by an image that has been circulated many times on social media platforms such as X (formerly Twitter) showing that the BlackRock iShares Bitcoin Trust had been listed on the Depository Trust & Clearing Corporation (DTCC) under the ticker IBTC.

Source: X

Usually, a listing on the DTCC is taken as a step for ETFs that are ready for approval from the Securities and Exchange Commission (SEC). Additionally, BlackRock, which is the largest asset management company in the world, reportedly told the regulator that it plans to seed its Spot Bitcoin ETF in October. So the asset manager looks to be readying for an October launch as well.

Related Reading: ARK Invest’s Cathie Wood Reveals Why Bitcoin Will Reach $1.48 Million

As Bloomberg Analyst Eric Balchunas explains, “Seeding an ETF is when initial funding is provided (typically) by a bank or broker dealer used to purchase a few creation units (in this case bitcoin) in exchange for ETF shares which can be traded in open market on Day One.”

It should be noted that just because an ETF is listed on the DTCC does not mean that it will gain immediate approval. Some ETFs will sit on the DTCC for months or years at a time before gaining approval to trade, while some simply never launch. However, given BlackRock’s influence, expectations are the company is doing this in preparation for approval.

BTC price crosses $35,000 briefly | Source: BTCUSD on Tradingview.com

Following The Bitcoin Price Growth Trend

The Bitcoin price increase has been mostly an ‘up-only’ trend with some pits and stops along the way. In the last 24 hours, the digital asset is already up over 14% with other metrics following swiftly behind such as market cap and daily trading volume.

Bitcoin’s daily trading volume jumped over 257% since the rally began, currently sitting at $44.7 billion. Likewise, the Bitcoin open interest has seen a 6.36% increase across all exchanges, bringing total open interest to $15.05 billion at the time of writing.

The Bitcoin Fear & Greed Index has also jumped to a six-month high, flashing a very greedy 66. This means that investors are more willing to jump into the digital asset and the evidence of this is in its rising daily trading volumes, as mentioned above.

The Bitcoin price has since retraced from the $35,000 level but continues to trade just above $34,500 where the bulls seem to have established support. A successful retest of the $35,000 resistance would set the Bitcoin price on a path to $40,000.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

BlackRock Exec Says Bitcoin Has More Upside Than Gold at 2025 Conference

10/07/2025

Can Bulls Hold $108K As Momentum Stalls?

10/07/2025

Crypto Trader Unveils ‘Absolute Worst-Case’ Scenario for Bitcoin As BTC Struggles To Clear $110,000

10/07/2025

Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote

10/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

How Much U.S. President Donald Trump Has Earned from Cryptocurrency Ventures Revealed – Here Are the Hard-to-Believe Number

10/07/2025

Senate Revives Crypto Market Structure Efforts as House Prepares for Policy Votes

10/07/2025

Bullbit and UnmarshalAI Unite to Launch AI-Powered, Web3 Multi-Chain Token Creation Platform

10/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.