Bitcoin starts with $30,000 support maintained | CoinDesk JAPAN | Coin Desk Japan

Market interest is dominated by Bitcoin (BTC) ETFs (Exchange Traded Funds).

Larry Fink, the CEO of the world’s largest asset manager BlackRock and a notorious bitcoin skeptic, has made positive comments about bitcoin. The reaction across the industry is divided.

“So-called mainstream adoption will bring a wave of new entrants to Bitcoin. It’s a big deal,” Galaxy Digital’s head of research Alex Thorn wrote in a report last week.

But the market doesn’t seem to care about decentralization.

Bitcoin holds $30,000 to start a new Asian week at $30,171. Ethereum (ETH) also held above $1,800, near $1,863.

“After a mostly calm week, Bitcoin was trending down to test the support level near $30,000. We were able to maintain an important level even though we were in the middle of nowhere,” said Joe DiPasquale of BitBull Capital.

BlackRock has resubmitted its bitcoin ETF application, and he said the market is waiting for clarity on what will unfold.

“If it continues above $30,000, there will be more upside moves, while $27,000 is currently providing strong support,” DiPasquale said.

｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: CoinDesk
｜Original: First Mover Asia: Bitcoin Opens Week Defending $30K Support Level