BlackRock has made a significant move by including Bitcoin ETF in its model portfolio for the first time. This development mixed with a hint of market positivity as BTC price shot over $84,000 amidst easing fear in the crypto market. However, the upward trend appeared short-lived as BTC plunged, marking the worst month since June 2022 due to several factors including investor sentiment weakening, the crypto rout becoming worse with record ETF outflows. Concerns spiked further as Robert Kiyosaki predicted a global financial meltdown but recommended Bitcoin as a safe haven. Bitcoin's price further risked correction to $72K and its post-election gains were nearly wiped off. The scenario seems critical according to traders and analysts who signal worrying signs for this leading crypto asset. On the contrary, Standard Chartered forecasts BTC to hit $500,000 before the end of Trump's office. The crypto market saw a shock with a sudden plunge under $80,000 price. Despite the turbulence, the establishment of a Bitcoin economy in Africa's largest informal settlement and States adopting Bitcoin reserves remain highlights of the overall scenario.
Bitcoin News Analytics from Mon, 24 Feb 2025 17:50:00 GMT to Sat, 01 Mar 2025 23:30:09 GMT -
Rating -5
- Innovation 3
- Information 6
- Rumor 2
