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#BTCâïž Surges Past $63.6K After BlackRock Releases White Paper on Bitcoin Bitcoin surged nearly 6% after the world's largest asset manager published a white paper highlighting the digital asset's potential as a hedge against currency and geopolitical risks. #Blackrock published a white paper on its appeal to investors as a "unique diversifier" untethered from traditional fiscal and geopolitical risks. Some analysts are predicting a three-month Bitcoin rally to $92,000, which could begin in October, based on historical chart patterns and Bitcoin's average monthly return in the fourth quarter of the year. BlackRock: Bitcoin Can Serve as a Hedge Against Currency and Geopolitical Risks The white paper notes that Bitcoin's permissionless and decentralized nature made it the world's first "truly open-access monetary system," not just a cryptocurrency. #btc70k
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#Bitcoin: Major Move Incoming?đ„ With the #FOMC announcement just few hours away, we could see a major move in the market in the coming days and weeks.
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The SEC Chairman could issue a warning tweet ahead of the decision, potentially indicating the likelihood of approval.
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In less than 24 hours, the Ethereum cryptocurrency, ether (ETH), experienced a rise of more than 20% to almost $3,800 (USD). This is its maximum price in two months, which led to new projections for its market.
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