Bitcoin rose by $6.8. If it fell below $65,000, nearly 100,000 people would be liquidated for $300 million.
In October, the price of Bitcoin began to regain its upward trend. Just last night, the price of Bitcoin once exceeded $68,000, and soared 3% during the session, setting a new high since July 30. Under the rapid rise and fall of the market, the number of people liquidated in the crypto market exceeded 90,000, and the amount of liquidation exceeded $300 million.
The reason for this rise has a lot to do with BlackRock. The latest data shows that BlackRock's spot Bitcoin exchange-traded fund (iShares Bitcoin Trust ETF, IBIT) has a position of more than 375,000 Bitcoins, and its market value has exceeded $25 billion.
BlackRock CEO Larry Fink said that Bitcoin is gradually becoming a substitute for commodities such as gold.
He mentioned that BlackRock's Ethereum Trust Fund attracted more than $1 billion in net inflows within two months of its listing, and the size of the Bitcoin Trust Fund grew to $23 billion in the first nine months of 2024.
These measures show that BlackRock is committed to providing more convenient and economical investment options for global investors.
After two days of rising, Bitcoin is now in a sideways adjustment. Currently, the price of public chains and meme coins is very cheap.
In the early stage, members of the 10,000-person fan group entered the market in advance. DOGE currently has a maximum profit of 50%.
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