Bitcoin: BlackRock Buys $1.17 Billion Worth BTC, Price Jumps 7%
According to cryptocurrency Analysis firm LookOnChain, BlackRock, the world’s largest asset manager with around $11 trillion worth of assets under management, bought 16,975 Bitcoin (BTC) last week. The value of the BTC purchased is around $1.17 billion. Also Read: Bitcoin’s Meteoric Rise: EU Central Bank Issues Urgent Warning Last week, #Blackrock bought a total of 16,975 $BTC($1.17B). And the price of $BTC rose by more than 8% in the past week! pic.twitter.com/ZRdZeYzIam — Lookonchain (@lookonchain) October 21, 2024 Is BlackRock Pushing Bitcoin’s Price? Source: CryptoSlate BlackRock’s latest BTC purchase aligns with the asset’s latest rally. BTC is up by 7% in the weekly charts, 7.5% in the 14-day charts, 8.7% over the previous month, and 130.6% since October 2023. The original cryptocurrency is now only 6.9% away from its all-time high of $73,737.94, which it attained in March of this year. Also Read: Solana Outperforms Bitcoin & Ethereum: Will SOL Hit $...