Published on 26 Mar 2024 on CoinDesk via Yahoo Finance
Bitcoin briefly surpassed $71,000 on Tuesday, boosted by sentiment around possible new bitcoin-based institutional product offerings.The London Stock Exchange approved a marketplace for trading BTC and ETH exchange-traded notes (ETNs) in May, which led to strong upside momentum for BTC, traders said.Projects linked to Coinbase Ventures recorded the most gains, with an average 10% increase, while the CoinDesk 20, an index of the biggest tokens, rose 4.47%.
Bitcoin {{BTC}} briefly topped the $71,000 mark early Tuesday before retreating as market sentiment grew on new bitcoin-based institutional product offerings and demand from traditional desks.
Crypto markets started rising on Monday as the London Stock Exchange approved a marketplace for trading bitcoin and ether {{ETH}} exchange-traded notes (ETNs) in May, as reported. The LSE will start to accept applications from April 8.