Bitcoin Hovers Over $34K as BlackRock IBTC Ticker Euphoria Fades Out

Rapid gains in bitcoin (BTC) prices seemed to pause Wednesday morning as traders likely took profits on a week-long rally, bumping bitcoin prices as much as 25% on hopes of a spot exchange-traded fund (ETF) approval in the U.S.
Major tokens showed mixed movement as Cardano’s ADA slipped 2%, while Solana’s SOL tokens added 3%, extending a week-long rally to nearly 30%. Growth in SOL tokens came as traders downplayed fears of a looming sell-off by the FTX bankruptcy estate.