BlackRock sells $1887 million worth of Bitcoin in a single day; it made the biggest one-day move in its Bitcoin portfolio, a massive blow to the digital currency market.It seems to us that this type of maneuvering inevitably gives rise to questions about institutional behaviour, including fund rebalancing, profit-taking or macroeconomic signals.Nonetheless, experiences like high volumes of trades reveal market efficiency that underlines the development of the cryptocurrency environments.
Notably, BlackRock, the world’s largest asset manager, has sold $188.7 million worth of Bitcoin in a single day. This has made investors and analysts to wonder about the possible effects on other related markets including the cryptocurrency market. This massive outflow has been attributed to several factors, though the reason has not been well understood; all the same, it shows how sensitive markets are and how some big institutions impact them.
The Outflow in Numbers and Market Implications
Based on the information received, BlackRock reduces the utilization of Spot Bitcoin ETF which is in stark difference with the constant increase observed earlier this year. This might be as a result of changes in institutional plans or short term market fluctuations, seeing that the Bitcoin price is closely following the sell-off. The $188.7 million liquidation is one which stands out clearly and has been an indication of the extent that institutions have invested in the crypto market.
It illustrates a phenomenon that has been recently increasingly perceived in the cryptocurrency market – the actions of institutional investors, such as BlackRock. Their actions tend to cause chain reactions in trading platforms that avoid writing retail and institutional viewpoints. With Bitcoin prices rallying and falling in the wake of the selloff, market players are left to guess whether BlackRock was simply “taking profits,” rebalancing a fund, or reacting to some macroeconomic factors.
Investor Concerns and Market Resilience
Despite the signal the sell-off put out there, other analysts prefer to focus more on the ability of the market to handle high volume trades. In the past such drastic measures influenced prices slightly but did not affect fundamental trends that dominate the market. However, with BlackRock having a large scale as an investment management institution its actions are closely watched, making it layers of complication to the markets.
The sell-off is a combination of some fundamental triggers and, therefore, reminds that cryptocurrency markets might be very vulnerable. BlackRock has also raised interesting questions for investors, as to whether such a move will happen again or was just a one-off.

#BlackRock #Bitcoin #BTC #CryptoNews #CryptoMarket $BTC $ETH $XRP

🔔 MARKET MOVING NEWS! (23/12/24)

1️⃣ Securitize Proposes BlackRock BUIDL Fund As Collateral For Frax USD ▶️
#BlackRock
Securitize, the brokerage firm for the tokenised BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has reportedly submitted a governance proposal that calls for adding the BUIDL token as backing collateral for the Frax USD stablecoin. The proposal claims that using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock. If passed, Frax USD will follow in the footsteps of stablecoins like Ethena's USDtb in adopting the BUIDL token as a backing asset.

2️⃣ Trump Picks Bo Hines to Lead Presidential Crypto Council ⚡️

President-elect Donald Trump announced that Bo Hines, a former Republican nominee for the House of Representatives, will lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets. This appointment will see Hines work alongside David Sacks, Trump's pick for the White House AI and Crypto Czar. Hines’ responsibilities reportedly include overseeing a "new advisory group composed of luminaries from the crypto industry.”

Trump stated,
#TrumpCryptoSupport
In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed. Together, they will create an environment where this industry can flourish, and remain a cornerstone of our nation's technological advancement.

3️⃣ Metaplanet Continues Bitcoin Buying Spree with Latest $61 Million Purchase 💸
$BTC
Japanese investment firm Metaplanet Inc. reportedly spent nearly $61 million to make its largest-ever BTC purchase, scooping up almost 620 BTC at an average purchase price of 15.3 million yen ($97,786) per BTC. This brings the company’s total holdings to 1,761.98 BTC, or about $167.1 million. The latest purchase makes its BTC holdings the 12th-largest among public companies, behind medical tech maker Semler Scientific.

4️⃣ Unichain’s Public Mainnet Expected to Launch In ‘Early 2025,’ Uniswap Says ‼️
#uniswap
Unichain, the DeFi-focused Layer 2 chain built by Uniswap, is reportedly planning to launch its public mainnet in early 2025. The developers stated that starting Jan. 6 2025, Unichain Sepolia will undergo planned maintenance to activate permissionless fault proofs – a feature that allows any participant to verify a blockchain’s given state and challenge invalid withdrawals. The developers plan to integrate permissionless fault proofs from day one of Unichain's mainnet launch. The mainnet will open to the public immediately after completing the maintenance and safety validations.
#CryptoAMA

BlackRock, the world's largest asset management firm, has sparked controversy in the community when posting a video introducing Bitcoin accompanied by the caption:

“There is no guarantee that the fixed total supply of 21 million BTC will not change in the future.”

Controversial Point

• BlackRock asserts that Bitcoin has a maximum supply of 21 million BTC, a core feature that helps prevent inflation.

• However, the caption in the video has raised concerns about the possibility of changing the total supply of BTC, which is seen as the “immutable tenet” of the Bitcoin community.

Over a period of 74 days, I collected statistics and forecasts from many experts.
And now I come to a conclusion based on their reasoning.
$HBAR 600$ 2029
$GALA 117$ 2028
$XRP 37$ 2030
Why the price #HBAR ? Because of the latest technologies they implement. And the security of their data. At the moment, HBAR technologies are cooler than SOL (#Solana⁩ )

The increasing interest of institutional giants like BlackRock in Bitcoin has sparked concerns among some investors. A common fear is that such powerful entities could manipulate or even alter Bitcoin’s fixed supply of 21 million coins. However, this worry is unfounded due to Bitcoin’s decentralized design and immutable code. Here’s why Bitcoin’s supply is unchangeable, regardless of who participates in the market.
Bitcoin’s Supply Cap: The Core of Its Design
Bitcoin was created by Satoshi Nakamoto with a strict supply limit of 21 million coins. This limit is embedded in the blockchain’s code and enforced by the decentralized network of nodes that validate transactions and blocks.
To change Bitcoin’s supply, one would need to modify its code and convince the majority of the network to adopt these changes. Given Bitcoin’s decentralized nature, achieving this level of consensus is virtually impossible.
Decentralization: Bitcoin’s Shield Against Manipulation
Bitcoin operates on a global network of thousands of nodes distributed across the world. These nodes run the Bitcoin software, which includes the rules governing its supply.
Even if BlackRock—or any large institution—attempted to propose a change to Bitcoin’s supply, the decentralized network would likely reject it. Most participants in the Bitcoin ecosystem are staunch supporters of its scarcity, as it is fundamental to Bitcoin’s value proposition as “digital gold.”
Economic Incentives to Preserve Scarcity
Bitcoin’s capped supply is one of its most appealing features for investors, especially those looking for a hedge against inflation. Altering the supply would undermine trust in the system, likely causing a massive loss of value. Institutions like BlackRock, which are heavily invested in Bitcoin, have no incentive to pursue changes that would diminish their own holdings’ value.
BlackRock’s Role: Investor, Not Controller
As an asset manager, BlackRock’s role is to provide its clients with exposure to Bitcoin through financial products like ETFs. While their influence in traditional financial markets is significant, their involvement in Bitcoin is limited to the same rules that every other participant must follow.
Conclusion
Bitcoin’s decentralized architecture and immutable code ensure that no single entity, regardless of its size or influence, can alter its supply. While BlackRock’s entry into the market signals growing institutional acceptance, it doesn’t equate to control over Bitcoin’s core principles.
Investors can rest assured that Bitcoin’s fixed supply remains secure, upheld by the collective power of its decentralized network.
#BTCNextMove #blackrock

The U.S. Securities and Exchange Commission (SEC) has just approved the first two ETF funds combining Bitcoin and Ethereum after multiple extensions of review since June this year. This is a significant advance for the cryptocurrency financial market as these exchange-traded funds offer diversification within a single product.
Approval Details:
Approved ETF Funds:
Hashdex Nasdaq Crypto Index US ETF on the Nasdaq.