The movement of Bitcoin on the crypto market reportedly jumped by 20.87 percent over the past week, until the price broke to reach US$30,220 on Thursday trading (22/6/2023). This price is the highest Bitcoin has ever achieved in the last 2 months, where last April Bitcoin was only able to record a spike in the range of US$27,000 per coin, as quoted by Cointelegraph. Not only that, Bitcoin's dominance has also succeeded in beating the NASDAQ stock rating, which only posted a 15.7 percent gain in trading in April 2023. This surge was achieved by Bitcoin due to several factors, such as the recovery of investor confidence in digital asset trading after a number of major US banks went bankrupt. As a result of being influenced by the tightening of interest rates carried out by the Fed and the action of de dollarization or replacement of dollars into other fiat currencies, which have recently been carried out by a number of countries. Apart from being driven by positive sentiment from investors, the price spike experienced by Bitcoin after several companies buying and selling cryptocurrency assets such as Blackrock, Fidelity, Wisdomtree, Valkyrie, and Invesco submitted a proposal to launch the Bitcoin Spot ETF last Thursday. In the filing report published by Blackrock, it was explained that the issuance of ETFs was deliberately carried out to facilitate investor access to crypto assets at one of the largest companies on Wall Street. This policy was released, because Blackrock considered Bitcoin to be the right vehicle for investment. Moreover, Bitcoin's position is similar to stocks through digital asset ownership either directly or indirectly. Read our other insightful eRead our other insightful news: https://bit.ly/FPGGlobalEco #FPG #Fortuneprimeglobal #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #nasdaq #forex #portfolio #trading #capital #stocks #margins #facts #livetradin