Bluzelle (BLZ) was one of the best performers in the cryptocurrency market over the past 24 hours. CoinMarketCap data indicated that the altcoin was trading hands at $0.1387 at press time following its outstanding 24-hour gain of 12%. Meanwhile, BLZ’s daily chart indicators suggested that the altcoin may continue to climb to overcome the next major resistance level at $0.1430.

🛑 Short-Lived Hype in the Market

Most cryptocurrencies in the market saw their prices rise dramatically during yesterday’s trading session. The catalyst for this spike in cryptocurrency prices was the emergence of fake news stating that BlackRock’s Bitcoin exchange-traded fund (ETF) application received approval from the U.S. Securities and Exchange Commission (SEC).

BlackRock quickly cleared the air surrounding this news and confirmed that its application was still pending approval. Consequently, the euphoria that had entered the cryptocurrency market yesterday ended abruptly – resulting in steep price drops. Despite this, BLZ was able to separate itself from the rest as its price continued to rise. #BLZ $BLZ