Startups & VC

Will BlackRock continue buying US$200M daily to push Bitcoin past the US$83,000 resistance wall?

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BlackRock's iShares Bitcoin Trust purchased $200.76 million in Bitcoin, contributing to a 1.76% rise in BTC’s value and pushing it closer to the US$ 83,000 resistance level. This institutional buying indicates strong conviction and provides a stable foundation for continued upward momentum, crucial as Bitcoin approaches significant technical barriers.

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