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Jawad Sarwari
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#NEW: $870 billion asset manager McQuarrie says
Bitcoin
mining supports local networks.#
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Why Bitcoin Price Fell Below $96,000 FarSide data shows that US investors pulled more than $671.9 million out of Bitcoin ETFs in a single day after Federal Reserve Chairman Jerome Powell’s remarks, the largest daily outflow in the fund’s history. Among them, Fidelity and GrayScale ETFs experienced the largest outflows, with $208.5 million and $188.6 million, respectively. This event caused the price of Bitcoin to fall from $105,000 to below $96,000. Digital currency#CorePCESignalsShift #BTCNextMove #ElSalvadorBTCReserve
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#Breaking: 🇸🇻 El Salvador announced that it will continue to buy Bitcoin, and possibly do so at a faster pace for its strategic reserves.#
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#Quick: BlackRock says allocating up to 2% of portfolio to Bitcoin is a "reasonable range". BlackRock, the world's largest asset management company, has stated that it considers allocating up to 2% of its capital to Bitcoin to be a "reasonable range". This proposal is presented as part of the strategy of increasing trust in digital currencies and improving risk management in portfolios. BlackRock CEO Larry Fink recently described Bitcoin as a reliable store of value asset that can protect capital against economic and geopolitical uncertainty, similar to gold but with a more limited supply. In addition, BlackRock has recently launched its Bitcoin ETF, which has been widely welcomed by investors and has strengthened Bitcoin's place in institutional investment strategies.#
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#UPDATE: $1,000,000,000 USDT has been created in the Tether vault on the Ethereum blockchain.#
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#NEW: US President-elect Trump "will focus heavily on Bitcoin price during his presidency," Axios reports.#
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