Bitcoin Surged to its Highest Value in Over a Year, Then Dropped. Here’s Why.
Bitcoin fell by 3% late Tuesday morning, dropping to $30,000 from over $35,000 following the 10% surge on Monday and 6% spike earlier in the day on Tuesday. The drop comes after BlackRock’s bitcoin ETF was removed from the Depository Trust & Clearing Corporation’s (DTCC) website, Coindesk reported. Its appearance on the DTCC website on…