Is ETF Refiling Good News? BTC Price Breaks $31K Price Level!

<p>&nbsp;After days of BTC only making slow moves at the $30K level, BTC finally managed to break through the $31,000 barrier earlier today.</p><p><br /></p><p>Most of the larger cap altcoins have produced little volatility over the past 24 hours, apart from LTC and BCH which are both down over 3%.</p><p><br /></p><p>In the last week, the crypto market was relatively quiet especially in Bitcoin which was spent mostly trading flat in a tight range between $30,000 and $31,000. That all changed on Friday, when the SEC reportedly issued a warning to all recent Spot BTC ETF filings that they were incomplete.</p><p><br /></p><p>This had an immediate impact on the price of the cryptocurrency, which fell over $1,500 to a 10-day low of $29,500. However, the drop was only temporary with the price of BTC bouncing back quickly. For a while, the price of BTC was calm at the level of $30,000 and $31,000.</p><p><br /></p><p><br /></p><p>Waima so today, the market saw a surge again and the price of BTC managed to break the $31,000 level. This comes after news that BlackRock has refiled its Bitcoin ETF application.</p><p><br /></p><p>The crypto market capitalization has soared to over $600 billion, and its dominance over alts has regained some of its recently lost positions and reached 49.6%.</p><p><br /></p><p>Litecoin and Bitcoin Cash were among the best performers of the past few weeks, as both hit 14-month highs above $110 and $320, respectively. However, both have declined slightly between 3% and 4% since yesterday.</p><p><br /></p><p>Binance Coin, Ethereum, Solana, Avalanche and Polkadot are also slightly in the red from larger cap alts. In contrast, XRP, ADA, DOGE, TRX and MATIC have produced insignificant gains in the same time frame.</p><p><br /></p><p>Aptos on the other hand was one of the biggest gainers today, with a 9.5% jump that has taken the asset above $8.</p>