Crypto Market Surges as BlackRock's Spot ETF Resurfaces, Analyst Predicts Bitcoin's $48,000 Rally

Bitcoin, Ethereum, and Dogecoin experienced gains as the global cryptocurrency market cap rose by 0.47% to $1.25 trillion. The positive momentum was fueled by expectations surrounding Bitcoin Spot ETFs. Analysts noted that the iShares Bitcoin Trust reappeared on the Depository Trust & Clearing Corporation website after disappearing earlier, suggesting that BlackRock may be seeding the ETF. Bitcoin is currently in an upward trend, with support at $31,100-31,800 and potential entries at 4-8% dips towards $38K. Glassnode highlighted the importance of upcoming weeks as Bitcoin shows strength in breaking psychological pricing levels, and the recent rally may be partially driven by leveraged speculation.