Bitcoin soared by 22% in a week

Over the past seven days, the price of bitcoin has risen by about 22%. Last Wednesday, the BTC exchange rate exceeded $30,000.

Today, the cryptocurrency is holding above this psychological mark, despite increased pressure from the bears.

At the time of publication of this review, Bitcoin was trading at $30,157. Its capitalization increased by another 5% overnight to $585.461 billion.

Ether (ETH) and Binance Coin (BNB) surged 15% over the week to $1,910 and $254, respectively.

In addition to Bitcoin, Litecoin (LTC) and Solana (SOL) showed the most aggressive gains this week, skyrocketing 19% to $87 and $17.35. The value of all digital currencies on Thursday, June 22, increased to $1.181 trillion.

The interest of institutional investors in the crypto market increased after BlackRock filed an application to launch a Bitcoin-ETF crypto fund. It was submitted to the US Securities and Exchange Commission (SEC) for consideration.

Giants Invesco, WisdomTree and Bitwise also expressed their readiness to release similar products, Bloomberg reports.

Bitcoin’s June rally coincided with the launch of the EDX Market digital asset exchange. Its creation was funded by companies such as Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp.