Bitcoin posted the best performance since March

Bitcoin (BTC) is wrapping up one of its biggest performing weeks since March 2023.

Speculation, fueled by BlackRock’s bid to launch a spot crypto fund ETF, saw the cryptocurrency soar above $30,000. On Friday, June 23, BTC corrected to $29,980.

However, experts believe that this week Bitcoin should hold at $30,000. This mark could become a fundamental value for BTC.

K33 Research analyst Vetle Lunde noted:

OK [биткоин-ETF] will greatly affect the structure of the cryptocurrency market, as it eliminates the barriers for financial advisors offering access to the asset.

The launch of the digital asset platform EDX Market has also had a positive impact on the attractiveness of Bitcoin. Giants Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp have invested in the development of this platform.

Bitwise Asset Management CEO Matt Hogan told Bloomberg TV that the long-term outlook for bitcoin remains optimistic.

Institutional capital will support the blockchain industry, as holding assets on the traditional market becomes unprofitable.