It's Wednesday, June 28th, 2023, and this is Markets Daily from CoinDesk.

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

On today, we're talking Bitcoin, what comes next, top headlines, and more.

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

Bitcoin, Ether, and most other top-traded tokens are down while traditional indexes are showing higher prices.

But things didn't start off that way. Most digital assets were trading higher as the

East Asia trading day began in the green, buoyed by positive official economic data from U.S.

markets. Quote, there was a lot of U.S. economic data released today, and the key takeaway was that the

economy is not breaking just yet. Edward Moya, Wanda senior market analyst, told CoinDesk in a note,

continuing,

Bitcoin momentum remains intact as Fidelity joins the quest for the elusive Bitcoin ETF.

Optimism is here that one of these financial giants will get one done before summer's end,

and quote, during a recent appearance on CoinDest TV,

Moia predicted that Bitcoin could reach $40,000 before the end of the year. Quote, Bitcoin trades above the $30,000 level investors are waiting to see if the rally

can continue.

Initial resistance comes from the $34,000 level, and if we do see a Bitcoin ETF approval,

institutional momentum could take the rally as high as the 40K level, a Tolk.

Continuing, any major setbacks

with the Black Rock ETF rejection and a gray scale defeat could temporarily kill the rally,

but optimism will still remain that the ETF will eventually get done, end quote.

Hwanda isn't the only positive perspective playing out this morning. Bullish Bitcoin investors

are reportedly preparing for a seasonal surge, as the world's largest

...