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#BTC #TrendigTopic #RisingStars @AnthonyCarr @Binance Square Official $BTC $ETH $WIF
Bitcoin reaches new record: BlackRock drives the rise
The cryptocurrency market is abuzz today, with Bitcoin surpassing $70,000, an unprecedented milestone. The reason? A strategic move by BlackRock, the asset management giant, which has filed an application with the SEC to include its bitcoin ETF in its Global Allocation Fund (MALOX).
The news has caused a positive reaction in the market, with the price of Bitcoin on an unstoppable rise. BlackRock's request could open the door to greater institutional adoption of Bitcoin, leading to an increase in demand and therefore its price.
BlackRock's strategy implies that MALOX can acquire shares of exchange-traded investment products (ETPs) that track the performance of the price of Bitcoin, including the iShares Bitcoin Trust (IBIT), launched by the firm itself a little over two months ago.
This is not the first time that BlackRock has shown interest in Bitcoin. On March 4, the company filed another application with the SEC for Strategic Income Opportunities Fund (BSIIX), indicating a continued commitment to the cryptocurrency.
The news has had an immediate impact on the market, with Bitcoin reaching a new all-time high. This rise is being driven by the expectation that if the SEC approves BlackRock's applications, it will open a new door for institutional investment in Bitcoin.
In short, BlackRock's initiative has sparked a frenzy in the cryptocurrency market, with Bitcoin reaching record prices.
If the SEC gives the green light to BlackRock's applications, it could usher in a new era for Bitcoin, with a significant increase in institutional adoption and therefore its value.
Bitcoin reaches new record: BlackRock drives the rise
The cryptocurrency market is abuzz today, with Bitcoin surpassing $70,000, an unprecedented milestone. The reason? A strategic move by BlackRock, the asset management giant, which has filed an application with the SEC to include its bitcoin ETF in its Global Allocation Fund (MALOX).
The news has caused a positive reaction in the market, with the price of Bitcoin on an unstoppable rise. BlackRock's request could open the door to greater institutional adoption of Bitcoin, leading to an increase in demand and therefore its price.
BlackRock's strategy implies that MALOX can acquire shares of exchange-traded investment products (ETPs) that track the performance of the price of Bitcoin, including the iShares Bitcoin Trust (IBIT), launched by the firm itself a little over two months ago.
This is not the first time that BlackRock has shown interest in Bitcoin. On March 4, the company filed another application with the SEC for Strategic Income Opportunities Fund (BSIIX), indicating a continued commitment to the cryptocurrency.
The news has had an immediate impact on the market, with Bitcoin reaching a new all-time high. This rise is being driven by the expectation that if the SEC approves BlackRock's applications, it will open a new door for institutional investment in Bitcoin.
In short, BlackRock's initiative has sparked a frenzy in the cryptocurrency market, with Bitcoin reaching record prices.
If the SEC gives the green light to BlackRock's applications, it could usher in a new era for Bitcoin, with a significant increase in institutional adoption and therefore its value.
@Binance Square Official #RisingStars before and after ๐๐ถ๏ธ๐
LIVE
Binance Square Official
--
Share your Binance Square content or profile on your social media during our activity period and the top 10 creators with the highest increase in the number of followers will receive 1 BNB each!ย
Do note that you will need at least 10 new followers to qualify for the reward.ย
Activity period: 1 March to 14 March 2024
Terms and Conditions:
- This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity.
- Winners will be notified via a push notification under Creator Center > Square Assistant. The BNB token voucher reward will be distributed within 21 working days after the activity ends.ย
- Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution.
- This campaign may not be available in your region.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Do note that you will need at least 10 new followers to qualify for the reward.ย
Activity period: 1 March to 14 March 2024
Terms and Conditions:
- This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity.
- Winners will be notified via a push notification under Creator Center > Square Assistant. The BNB token voucher reward will be distributed within 21 working days after the activity ends.ย
- Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution.
- This campaign may not be available in your region.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
LIVEBinance Square Official
--
Share your Binance Square content or profile on your social media during our activity period and the top 10 creators with the highest increase in the number of followers will receive 1 BNB each!ย
Do note that you will need at least 10 new followers to qualify for the reward.ย
Activity period: 1 March to 14 March 2024
Terms and Conditions:
- This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity.
- Winners will be notified via a push notification under Creator Center > Square Assistant. The BNB token voucher reward will be distributed within 21 working days after the activity ends.ย
- Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution.
- This campaign may not be available in your region.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Do note that you will need at least 10 new followers to qualify for the reward.ย
Activity period: 1 March to 14 March 2024
Terms and Conditions:
- This activity may not be available in your region. Only KYC-verified Binance users will be eligible to participate and qualify for rewards in this activity.
- Winners will be notified via a push notification under Creator Center > Square Assistant. The BNB token voucher reward will be distributed within 21 working days after the activity ends.ย
- Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution.
- This campaign may not be available in your region.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
$BNB BNB - MACD: Bullish Crossover
AI ANALYZER SIGNAL
Long
BNB currently trades at $565.70 with a 24-hour change of -4.30%. Current resistance is at $583.07 and support at $525.47.
Based on support & resistance levels, the trade has a potential of 3.79% long ๐
Backtest Results
The trading signal has a probability of 52.43% and and average result of 11.07%
The backtest results are based on 473 signals.
#BinanceLaunchpool #RisingStars #write2earn
AI ANALYZER SIGNAL
Long
BNB currently trades at $565.70 with a 24-hour change of -4.30%. Current resistance is at $583.07 and support at $525.47.
Based on support & resistance levels, the trade has a potential of 3.79% long ๐
Backtest Results
The trading signal has a probability of 52.43% and and average result of 11.07%
The backtest results are based on 473 signals.
#BinanceLaunchpool #RisingStars #write2earn
#RisingStars #TrendingTopic #TellNTrade
@AnthonyCarr @Binance Square Official $XRP $ETH $ACE
๐ฅณ ๐We continue to celebrate with you the growth of our Binance account, and you are the pillars of it. That's why we continue at parties. ๐ฅณ ๐ ๐ธ
@AnthonyCarr @Binance Square Official $XRP $ETH $ACE
๐ฅณ ๐We continue to celebrate with you the growth of our Binance account, and you are the pillars of it. That's why we continue at parties. ๐ฅณ ๐ ๐ธ
๐ Exciting News! ๐ Our Crypto Psychic Family is thrilled to announce that we've soared into the Top 10 Creators with the highest follower increase in the Binance Square Rising Stars Campaign! ๐๐ฅ
๐ A massive shoutout to our incredible Binance Square community! Your support has propelled us to new heights, and we're truly grateful for each and every one of you. ๐๐
๐ Keep an eye out for more insightful crypto predictions, market analyses, and exciting updates from our psychic experts. Together, we're shaping the future of crypto! ๐๐ฎ
#BinanceSquare #CryptoPsychicFamily #Gratitude #RisingStars #Top10Creators #BinanceSquareCreatorAwards
๐ A massive shoutout to our incredible Binance Square community! Your support has propelled us to new heights, and we're truly grateful for each and every one of you. ๐๐
๐ Keep an eye out for more insightful crypto predictions, market analyses, and exciting updates from our psychic experts. Together, we're shaping the future of crypto! ๐๐ฎ
#BinanceSquare #CryptoPsychicFamily #Gratitude #RisingStars #Top10Creators #BinanceSquareCreatorAwards
โญโญโญ
Rising Star Campaign Winners
โญโญโญ
Here is the list of winners โคต๏ธ
๐ธ@Trading Heights
๐ธ@Mastering Crypto
๐ธ@Bitcoindunyamiz
๐ธ@Coinpedia
๐ธ@Crypto updates_
๐ธ@Crypto Web3 Today
๐ธ@Crypto_Newss
๐ธ@Crypto_Insight
๐ธ@CryptoExperts
๐ธ@Malikzain99953
โญ๐ฅณCongratulations to all the winners ๐ฅณโญ
#HappyPosting #RisingStars
$BTC $ETH $BNB
Rising Star Campaign Winners
โญโญโญ
Here is the list of winners โคต๏ธ
๐ธ@Trading Heights
๐ธ@Mastering Crypto
๐ธ@Bitcoindunyamiz
๐ธ@Coinpedia
๐ธ@Crypto updates_
๐ธ@Crypto Web3 Today
๐ธ@Crypto_Newss
๐ธ@Crypto_Insight
๐ธ@CryptoExperts
๐ธ@Malikzain99953
โญ๐ฅณCongratulations to all the winners ๐ฅณโญ
#HappyPosting #RisingStars
$BTC $ETH $BNB
#RisingStars time to increase user on binance
LIVEAnthonyCarr
--
@AnthonyCarr#BinanceSquare#TrendingTopic #TradeNTell$BTC $BNB $SOL
Share your feed and increase your users on Binance. It's time to grow your crypto strategies and have the opportunity to win 1 BNB ๐ธ, Rising Stars ๐คฉ๐๐
GifBox for always Online my Binance Square
Share your feed and increase your users on Binance. It's time to grow your crypto strategies and have the opportunity to win 1 BNB ๐ธ, Rising Stars ๐คฉ๐๐
GifBox for always Online my Binance Square
#ETF #BTC #RisingStars @AnthonyCarr @Binance Square Official $BTC $FIL $ALT
ETF Firms' Bitcoin Buying Spree Raises Questions and Opportunities
In an unprecedented shift in the cryptocurrency market landscape, Exchange-Traded Fund (ETF) issuers are purchasing Bitcoin at a rate that far outstrips the creation of new coins through mining. According to a recent analysis by BitMEX, these firms have been acquiring an average of 4,000 BTC per day over the last 35 days. This pace starkly contrasts with the daily mining output of 900 bitcoins.
This aggressive accumulation strategy has led to instances where daily purchases exceeded 10,000 bitcoins on six occasions within the observed period. Collectively, it's estimated that these spot Bitcoin ETF firms now hold over 144,000 BTC.
Leading the charge in this buying frenzy are BlackRock and Fidelity, two of the world's most prominent investment management firms, with holdings surpassing 100,000 BTC each. Other players like Bitwise, Ark, and Invesco have also been active, albeit at a slower pace.
Grayscale Moves Against the Tide
Not all ETF firms are aligning with this aggressive buying strategy. Grayscale stands out for moving in the opposite direction, selling off Bitcoin rapidly. This divergence seems driven by a decrease in client demand, potentially linked to the firm's high transaction fees of 1.5% for its spot Bitcoin ETFs.
Understanding How Bitcoin ETFs Work
Bitcoin ETFs allow investors to engage with the cryptocurrency market without directly owning Bitcoin. Instead, they purchase shares in a fund that tracks the price of Bitcoin, with any profits paid out in dollars, in compliance with regulations set by the U.S. Securities and Exchange Commission (SEC). For each share of Bitcoin issued, the ETF firm must purchase and hold a corresponding amount of Bitcoin, ensuring there's enough supply to meet investor demand.
This trend raises critical questions about the future dynamics of the Bitcoin market, especially regarding liquidity and price volatility.
ETF Firms' Bitcoin Buying Spree Raises Questions and Opportunities
In an unprecedented shift in the cryptocurrency market landscape, Exchange-Traded Fund (ETF) issuers are purchasing Bitcoin at a rate that far outstrips the creation of new coins through mining. According to a recent analysis by BitMEX, these firms have been acquiring an average of 4,000 BTC per day over the last 35 days. This pace starkly contrasts with the daily mining output of 900 bitcoins.
This aggressive accumulation strategy has led to instances where daily purchases exceeded 10,000 bitcoins on six occasions within the observed period. Collectively, it's estimated that these spot Bitcoin ETF firms now hold over 144,000 BTC.
Leading the charge in this buying frenzy are BlackRock and Fidelity, two of the world's most prominent investment management firms, with holdings surpassing 100,000 BTC each. Other players like Bitwise, Ark, and Invesco have also been active, albeit at a slower pace.
Grayscale Moves Against the Tide
Not all ETF firms are aligning with this aggressive buying strategy. Grayscale stands out for moving in the opposite direction, selling off Bitcoin rapidly. This divergence seems driven by a decrease in client demand, potentially linked to the firm's high transaction fees of 1.5% for its spot Bitcoin ETFs.
Understanding How Bitcoin ETFs Work
Bitcoin ETFs allow investors to engage with the cryptocurrency market without directly owning Bitcoin. Instead, they purchase shares in a fund that tracks the price of Bitcoin, with any profits paid out in dollars, in compliance with regulations set by the U.S. Securities and Exchange Commission (SEC). For each share of Bitcoin issued, the ETF firm must purchase and hold a corresponding amount of Bitcoin, ensuring there's enough supply to meet investor demand.
This trend raises critical questions about the future dynamics of the Bitcoin market, especially regarding liquidity and price volatility.
โ๏ธCongratulations to me๐ on winning the first position in the Rising Stars campaign! ๐ Our achievement is a testament to your talent, creativity, and hard work. Our dedication has not only earned you recognition but has also inspired others within the community.
Keep shining bright and continue to share amazing content with the world. Our success is well-deserved, and we are thrilled to celebrate this milestone with you.
Once again, congratulations on Our outstanding achievement! ๐ We look forward to seeing more incredible contributions from you in the future.
Best regards,
Ansar Iqbal
#Binance #RisingStars
Keep shining bright and continue to share amazing content with the world. Our success is well-deserved, and we are thrilled to celebrate this milestone with you.
Once again, congratulations on Our outstanding achievement! ๐ We look forward to seeing more incredible contributions from you in the future.
Best regards,
Ansar Iqbal
#Binance #RisingStars
