The cryptocurrency’s rally comes as a number of TradFi giants together with BlackRock, Invesco and WisdomTree filed for spot bitcoin ETF functions. In the meantime, EDX crypto trade, which is backed by main TradFi gamers, additionally launched on Tuesday. The trade is backed by Constancy Digital Property, Charles Schwab and Citadel Securities and can supply 4 tokens within the U.S., together with bitcoin, ether, bitcoin money and litecoin. Bitcoin money (BHC) has additionally rallied following the information, gaining 25% on the day.
![[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?](https://cimg.co/wp-content/uploads/2024/02/26205235/btc.svg "[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?")
