The
price
of
bitcoin
(BTC)
has
nudged
above
the
$67,000
level
for
the
first
time
in
nearly
one
month
as
animal
spirits
in
cryptocurrencies
return
following
eight
weeks
of
sideways-to-lower
action.
At
press
time,
bitcoin
was
trading
at
$67,250,
up
2.8%
over
the
past
24
hours
and
about
10%
from
its
lowest
levels
on
Monday.
That
lagged
the
broader
CoinDesk
20
Index,
which
was
ahead
4.4%
over
the
past
24
hours
and
about
12%
from
the
Monday
low.
Among
the
larger
movers
in
the
index
were
Chainlink
(LINK),
now
higher
by
18%
since
the
Depository
Trust
and
Clearing
Corporation
(DTCC)
yesterday
announced
completion
of
a
pilot
project
with
Chainlink
and
multiple
major
U.S.
financial
institutions,
aiming
to
help
accelerate
the
tokenization
of
funds.
Other
outperformers
today
include
ether
(ETH)
with
a
5.3%
advance
and
solana
(SOL)
gaining
7.7%.
The
quick
turnaround
in
sentiment
in
crypto
comes
after
economic
data
this
week
showed
a
softening
in
U.S.
inflation
and
regulatory
filings
showed
an
extraordinary
amount
of
interest
in
the
still
newish
spot
bitcoin
ETFs.
Izzy
Englander’s
$64
billion
AUM
Millennium
Management
disclosed
a
$2
billion
position
in
BlackRock’s
iShares
Bitcoin
Trust
(IBIT)
as
of
the
end
of
the
first
quarter
and
Paul
Singer’s
$70
billion
AUM
Elliott
Management
also
disclosed
sizable
bitcoin
ETF
holdings,
though
far
smaller
than
Millennium’s
position.
Perhaps
most
interestingly,
the
State
of
Wisconsin
Investment
Board
–
which
manage’s
that
state’s
retirement
assets
–
showed
about
a
$100
million
stake
in
BlackRock’s
IBIT.