Why are all cryptocurrencies soaring these days? Does anyone know the inside story? 
This is due to the positive development for ETF Spot approval submitted by Blackrock. Although there’s some fake news that initially triggered the pump Blackrock show some sign that their ETF approval is near that’s why many crypto traders speculated the Blackrock will buy their Bitcoin to backed their spot position.
This positive news is great because it has a follow up up positive news which is the Bitcoin halving next year. We might see an early bullrun starting this October to 2nd quarter next year. Massive pump is coming.
They are indeed a key catalyst behind this recent market rally. Although after that fake ETF news, the one that kickstarted the market recovery before this big rally is Ripple’s recent victory over SEC in which we saw the price somewhere between $28k to almost $30k in range.
As of this time of writing, BTC is now getting close to hitting $35k again (it touched this price earlier before pulled back to $34.4k+) and it would be very interesting for us to see where the market goes before the year ends as we are anticipating the much-awaited Bitcoin halving coming mid-next year.
I believe we’re riding the FOMO wave now. As long the Bitcoin bulls can maintain the strong support level right now, there is a possibility that it can break the new resistance level.
I’m happy that I keep holding BTC where I have done some DCA last year. Even I’m at a profit, selling is not in my plans yet as I have a specific target price for that.