BlackRock’s Bitcoin ETF Approaches $50 Billion Amid Bitcoin Testing $96,000
BlackRock’s Bitcoin ETF, known as IBIT, is on a remarkable path, having accumulated over 500,000 Bitcoin. This substantial accumulation coincides with Bitcoin’s resilience, maintaining its price above $94,000. The sustained institutional demand highlights a strong interest among investors, even during recent market consolidations. This momentum leads analysts to expect that Bitcoin could soon test the $96,000 mark, reflecting a bullish outlook for the cryptocurrency market.
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