It's Wednesday, June 21st, 2023, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine, here again with George Calutus for your daily news roundup.

On today, show we're talking Bitcoin, ETF action, top headlines, and more.

And just a reminder, CoinDisc is a new source and does not provide investment advice.

Bitcoin, Ether, and many other top traded tokens are quite a bit higher on the day and on the week, while global equities continue to sink. The world's largest cryptocurrency by market value

rallied above $29,000 for the first time in over a month. This comes following a surge in bullish

sentiment as traditional finance players push further into crypto. Last week, investment giant BlackRock

filed for a U.S. Bitcoin Exchange traded fund or ETF, and yesterday Deutsche Bank said it had

applied for a digital asset

custody license in Germany. Adding to all of that, crypto exchange EDX markets, which is backed

by a list of Wall Street name, started its trading service. Not exactly what you would have

expected given recent relatory action over the last few weeks, but there it is all the same.

We'll talk about this more in the headlines. Bitcoin appears

to have outperform the majority of other digital assets following the news, gaining more than

8% in one point over a 24-hour measure, and pushing to a level not seen since the start of May earlier

this year. In total, Bitcoin has rallied nearly 10% this week, pushing through the recent downward

trend line and the 50-day simple moving average

of the price. Some traders see further gains ahead, with some anticipating the cryptocurrency

will pop above $30,000. Quote, in terms of technical analysis, this is an important bullish signal

as the price closed above its 50-day moving average and above previous local highs in a sharp move

on Tuesday. The move confirms the breakdown of the downtrend

that has been in place for the past two months, FX Pro's senior market analyst said in an email.

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