By YDN Defying Market Trends: Ethereum remains one of the few mega-cap cryptos still holding May gains, trading 3% above early-month levels. Institutional Accumulation: BlackRock deployed $50M into ETH in just 10 days, signaling a deliberate, high-conviction move. Divergence from Bitcoin: While BTC saw $700M in ETF outflows and a $56B sell-off, ETH showed resilience […]
Tag: ETF
By Emir Abyazov Bitcoin bounces back following Trump-Musk dispute The leading cryptocurrency ended the week with an increase of about 1%, trading at around $105,900. On Friday, June 6, the altercation between U.S. President Donald Trump and billionaire Elon Musk put pressure on Bitcoin and the market as a whole. The price of the digital […]
By admin BlackRock made a major move on June 5th, acquiring 2,704 Bitcoin (worth $283.9 million) and 28,239 Ethereum (valued at $73.2 million), totaling $357 million in crypto purchases. This investment comes as BlackRock’s assets under management reach $11.5 trillion, highlighting its growing commitment to digital assets. The Ethereum purchase closely follows the SEC’s approval […]