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Crypto

BlackRock Loads Up on Another $200M in Bitcoin

Guavy AI Editorial Team
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BTC
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BlackRock's latest Bitcoin purchase has sparked excitement in the crypto market. The asset management firm topped up its holdings by $200.76 million on August 27, according to data from Whale Insider.

This is not an isolated incident - BlackRock has been steadily buying Bitcoin since it broke past the $80,000 resistance level. The surge in price has slowed slightly, but institutional demand remains strong.

Bitcoin's ETF market continues to attract new capital, with a combined net flow of $232.12 million recorded during its last trading session. This influx of investment is helping to propel Bitcoin's price forward, positioning it for another potential breakout.

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