🚨 Bitcoin Alert: BlackRock Sounds the Alarm! 🚨
📉 Bitcoin’s Roller Coaster Ride: What’s Next?
Bitcoin recently hit a high of $70,000, only to plummet, wiping out $300 billion from the market and falling short of the $4 trillion milestone. US Treasury Secretary Janet Yellen's warnings about potential high interest rates add to the turbulence for cryptocurrencies like Bitcoin. 🏦
BlackRock, a significant player in the Bitcoin ETF space, has also expressed concerns over the unprecedented factors influencing Bitcoin prices. Analysts at BlackRock predict that central banks will keep interest rates high to combat inflation, extending the period of market uncertainty. 📊
Since peaking at $71,907 on June 7th, Bitcoin has dropped 11%, now trading at $61,919. 📉
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