Bitcoin hovers over $34K as BlackRock IBTC ticker euphoria fades out. BlackRock's announcement that it would offer its clients access to Bitcoin through a private trust fund caused a surge in Bitcoin's price last month. However, the excitement has since died down, and Bitcoin has fallen back to around $34,000.

Bitcoin could hit $69K by mid-2024 as it enters acceleration phase, analyst says. Some analysts believe that Bitcoin is about to enter a new phase of growth, which could see it reach $69,000 by mid-2024. This is based on a number of factors, including the increasing adoption of Bitcoin by institutional investors and the growing demand for Bitcoin as a hedge against inflation.

Grayscale Chainlink Trust zooms to 200% premium, indicating institutional demand for LINK. The Grayscale Chainlink Trust, which gives investors exposure to the Chainlink cryptocurrency, has seen its premium zoom to 200%. This suggests that there is strong institutional demand for Chainlink, which is a blockchain-based oracle network that provides real-world data to smart contracts.

Bitcoin's role as 'digital gold' will aid further demand, traders say. Some traders believe that Bitcoin's role as a "digital gold" will continue to drive demand for the cryptocurrency. Bitcoin is seen as a safe-haven asset by many investors, and it is also seen as a hedge against inflation.

Bitcoin Ordinals protocol token ORDI rockets 50% on Binance listing. The Bitcoin Ordinals protocol allows users to inscribe data onto Bitcoin's blockchain. The protocol's native token, ORDI, has rocketed 50% in price since being listed on the Binance exchange. This suggests that there is growing interest in the Bitcoin Ordinals protocol.

Overall, the news on Bitcoin is mixed. Some analysts believe that the cryptocurrency is about to enter a new phase of growth, while others believe that it is still too early to say. However, there is no doubt that Bitcoin is still the most popular and influential cryptocurrency in the world.

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