BlackRock to buy 🥇 Bitcoin ETFs through its $15b Global Allocation Fund.

Its $36b Strategic Income Opportunities Fund will also buy Bitcoin ETFs, as announced last week.

What are your thoughts on BlackRock's strategic move into Bitcoin ETFs through their major funds? How do you think this will impact the broader cryptocurrency market and investor confidence?

Share your insights and opinions in the comments section below!

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JPMorgan analysts find it unrealistic to expect Bitcoin to match gold in portfolio allocation by notional amounts due to higher risk.

They anticipate potential $62bn inflows into spot Bitcoin ETFs over 2-3 years but question if it's entirely new investment or a shift from existing instruments.

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⚡️⚡️⚡️⚡️⚡️⚡️
🥇 Bitcoin reaches new all-time high of $70,000.

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More than $335 million have been liquidated (24h).

Longs: $178.07M/ Shorts: $157.16M

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⚡️⚡️⚡️⚡️⚡️⚡️: Blackrock CEO Larry Fink on live TV:

“Bitcoin 🥇 could be a great long-term store of value and If you are fearful of your goverment then it is the best cross border asset for you."

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According to Bloomberg, Bitcoin miners consumed a record 19.6 gigawatts of power last month, up from 12.1 gigawatts in 2023, with total consumption in 2023 reaching 121 terawatt-hours, similar to Argentina's energy usage.

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🤯 BlackRock's #Bitcoin ETF recently pulled in a MASSIVE $788m❗️

Smashed the previous record of $612m.

They will be taking in +$1 Billion a day soon 🔥

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This week, the US will release major inflation data, while CME predicts a 97% chance of the FOMC keeping interest rates unchanged on March 20.

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MicroStrategy announced that it has purchased 12,000 🥇 Bitcoins for approximately $821.7m in cash during the period between February 26, 2024 and March 10, 2024.

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💰 Bull Market Max and Average Correction :

2010-11: -51.28% | -18.41%
2012-14: -70.28% | -21.71%
2015-18: -32.93% | -10.93%
2018-21: -60.24% | -19.39%

2023: -19.11% | -5.47%.

In the current Bitcoin bull cycle, the market has witnessed relatively minor corrections, attributing to ETF buying pressure and hype so far.

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JUST IN: Michael Saylor says Bitcoin is going to "eat" gold and has all the great attributes of gold.

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🦊MetaMask is reportedly testing a blockchain payment card with Mastercard issued by Baanx, allowing users to spend crypto for everyday purchases worldwide.

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The US President, Joe Biden, unveiled his proposed fiscal year 2025 budget, which includes a crypto mining excise tax and addresses crypto in wash-sale rules.

These are similar taxes to those proposed last year, which ultimately weren't taken up by Congress.

However, according to the administration, these regulations could generate nearly $10bn in 2025 and north of $42bn over the next decade.

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💰 Bitcoin  on track to go up 7 months in a row for the first time in 12 years!

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🥇 Bitcoin has now hit all time highs all over the world 🌎

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According to the data, Bitcoin hit new all-time highs with trade volumes reaching $51bn.

Despite some profit-taking, liquidity on exchanges remains strong, reflecting robust market demand.

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After the 🔵 Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 gas fees.

According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, #Base will be reduced from $0.58 to $0.01.

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Good Morning @Cryptocurrency_Inside 👋

State of the Market:
🥇BTC - 73053$
🔵ETH - 4062$
📊SPX - 5175$

Our community is growing and there are a lot of new members.
Show your activity if you like the content and news.

Put - ❤️ and let's start the day

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🥇 Bitcoin hits new ATH
73,500$

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