Whenever cryptomarket faces a pump or dump,often we all go through a common name BlackRock,as I research about BlackRock there are some findings 👇
BlackRock is not an individual/person itself who possess the market,in fact this is the Incorporation shared by large number of financial companies, investors, individuals, groups and institutions as well.
BlackRock Inc.'s top holdings/groups are Microsoft Corporation , Apple Inc. , Amazon.com , NVIDIA Corporation, and Alphabet Inc. (US:GOOGL).
The Vanguard Group and State Street are also there.
Laurence D. Fink is the Chairman and CEO of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions.
In January 2024 BlackRock launched a long-awaited bitcoin ETF that caused BTC price more expensive.
Conclusion!
BlackRock aims to make market more digital, as these are the whales who pumps and dumps market,investors must aware about BlackRock fully with solid facts as it impacts so hardly on short to long terms investment especially on crypto.