{"id":85122,"date":"2023-06-26T01:15:40","date_gmt":"2023-06-26T05:15:40","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85122"},"modified":"2023-06-26T00:49:19","modified_gmt":"2023-06-26T04:49:19","slug":"bitcoin-is-up-12-this-month-even-though-barely-anybody-is-trading-it","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2023\/bitcoin-is-up-12-this-month-even-though-barely-anybody-is-trading-it.html","title":{"rendered":"Bitcoin is up 12% this month \u2014 even though barely anybody is trading it"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CM=\/\">Bitcoin<\/a> has rallied sharply this month \u2014 but not for reasons you might think. The world\u2019s largest digital currency has risen more than 12% since the beginning of June. Last week, its price <a href=\"https:\/\/www.cnbc.com\/2023\/06\/21\/bitcoin-rallies-to-highest-level-in-over-a-month-on-etf-news.html\">topped $30,000<\/a> to hit its highest level since April 14, according to Coin Metrics data. Market players have attributed the jump to the news that U.S. asset management giant BlackRock had <a href=\"https:\/\/www.cnbc.com\/2023\/06\/15\/blackrock-files-for-spot-bitcoin-etf-with-coinbase-as-a-crypto-custodian.html\">filed for a spot bitcoin exchange-traded fund<\/a> tracking the market price of the underlying asset.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/06\/26\/bitcoin-btc-is-up-12percent-this-month-in-part-due-to-thin-liquidity.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bitcoin has rallied sharply this month \u2014 but not for reasons you might think. The world\u2019s largest digital currency has risen more than 12% since the beginning of June. Last week, its price topped $30,000 to hit its highest [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85122","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85122"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85122\/revisions"}],"predecessor-version":[{"id":85123,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85122\/revisions\/85123"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}