Bitcoin (BTC) is currently consolidating above the crucial $26,000 level, a key threshold for the world’s largest cryptocurrency to continue its upward momentum and reach higher levels. The recovery of this price mark on June 15th has given BTC holders renewed confidence, with the highly anticipated news of Blackrock, the largest fund manager in the world with over $10 trillion under its management, announcing a formal application for a new spot Bitcoin Exchange-Traded Fund (ETF) has further boosted their optimism.