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Crypto

BlackRock Adds $604 Million in Bitcoin Inflows Over Four Days

Guavy AI Editorial Team
Instruments
BTC
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BlackRock's Bitcoin ETF has seen significant inflows over the past four days, with the institution adding a total of 9,269 tokens worth $604 million to its holdings. This marks an extension of the recent trend of institutional accumulation through the IBIT Bitcoin ETF.

The price of Bitcoin remains steady at $64,963.34, just above the upper resistance level of $65,067.52. The 50-EMA and 200-EMA continue to anchor the bullish structure, with the MACD indicator confirming a 'golden cross' and sustained momentum.

RSI at 62.36 leaves room for further growth before reaching overbought territory. Sustained BlackRock IBIT Bitcoin ETF net inflows are keeping the market bid above the 50-EMA support.

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