BlackRock has reportedly sold $287 million worth of Bitcoin this week, coinciding with Bitcoin's price dropping below $80,000 after a recent rally. This move comes amid significant outflows from Bitcoin and other crypto ETFs, signaling waning institutional demand. Despite the sell-off, some speculate major players like BlackRock may be repositioning for future market moves. Bitcoin currently trades around $79,421, down 1.81% in 24 hours, raising concerns about its next price direction.
Most major cryptocurrencies saw price declines, with Bitcoin trading near $79,547, down 1.54%, and Ethereum at about $2,261, down 2.02%. Other coins like Solana, Cardano, and Polkadot also dropped significantly, reflecting a broad market pullback. St...
Investor Michael Burry warns the semiconductor rally resembles the final phase of the dot-com bubble, signaling risks for tech and AI-driven markets. Historically, Bitcoin's price closely followed semiconductor stocks during risk-on cycles, with mass...
Bitcoin held below $80,000 after U.S. producer price inflation data sparked risk-off sentiment, wiping out nearly $400 million in leveraged long positions. The crypto market saw sharp declines in altcoins, especially memecoins, amid sustained selling...
Ethereum's realized profits rose to $74.58 million, the highest in three weeks, as some holders who bought below $2,000 sold during a recent price dip. ETH is trading near $2,267, with $2,270 identified as a key short-term trigger level for traders. ...
Bitcoin dropped to $79,200, breaking the key $80,000 support level amid rising inflation and geopolitical tensions between the US and China over Taiwan. Solana and other major cryptocurrencies also declined, while Dogecoin was the only gainer. Inflat...
