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BlackRock and Bitcoin ETFs are being credited with saving Bitcoinâs price, according to a Bloomberg analyst. The growing interest and approval of Bitcoin ETFs, particularly led by BlackRock, have bolstered BTC's price stability during uncertain market conditions. These ETFs are seen as a gateway for institutional investors to enter the crypto space, driving demand and potentially setting the stage for future price gains.
With major financial players like BlackRock backing Bitcoin ETFs, the overall sentiment in the market has turned positive, with analysts speculating that this could pave the way for even greater adoption and price appreciation for BTC.
Source: CoinGape
