:Bitcoin, the world's largest cryptocurrency, hit a more than one-year high on Friday, capping a week of gains helped in part by BlackRock's plans to create a bitcoin exchange-traded fund (ETF) despite heightened U.S. regulatory scrutiny on the digital asset sector.BlackRock, the world's biggest asset manager
:Bitcoin, the world's largest cryptocurrency, hit a more than one-year high on Friday, capping a week of gains helped in part by BlackRock's plans to create a bitcoin exchange-traded fund despite heightened U.S. regulatory scrutiny on the digital asset sector.
The moves have revived investor interest in cyptocurrencies, which have been in the doldrums after a series of crypto company meltdowns including the sudden collapse of exchange FTX late last year. "The dark clouds overshadowing crypto have lifted in recent days amid a burst of institutional interest," said Kate Laurence, general partner of Bloccelerate VC, which invests in crypto projects.
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Bitcoin hits 1-year high amid BlackRock ETF excitementBitcoin, the world's largest cryptocurrency, hit a one-year high on Friday at $31,458, capping off a week of gains helped in part by BlackRock's plans to create a bitcoin exchange-traded fund (ETF) even as the digital asset sector faces U.S. regulatory scrutiny.Bitcoin was last up 3.39 per cent at $30,903
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