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BlackRock and ETF Effect on Bitcoin Market
Recently, Bitcoin price surpassed the $68,000 levels and rose as high as $69,216. The positive trend in the cryptocurrency market on Sunday had a positive impact, especially on altcoin investors. The influence of BlackRock, the world's largest asset management company, played a major role in this increase.
BlackRock applied for a spot ETF for Bitcoin last year and has played an active role in the cryptocurrency industry since then. The company's interest in this area has increased trust in Bitcoin in traditional financial markets. BlackRock's Bitcoin assets reached 196,065 BTC in a short time, surpassing another large investor, MicroStrategy.
BlackRock applied for a spot ETF for Bitcoin last year and has played an active role in the cryptocurrency industry since then. The company's interest in this area has increased trust in Bitcoin in traditional financial markets. BlackRock's Bitcoin assets reached 196,065 BTC in a short time, surpassing another large investor, MicroStrategy.
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