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Crypto

BlackRock's $200M Bitcoin Bet Sees Price Surge to $80K

Guavy AI Editorial Team
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BTC
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BlackRock's recent investment of $200.76 million in Bitcoin highlights sustained institutional interest in the cryptocurrency, despite recent price volatility.

The purchase comes as the price of Bitcoin pushed above the $80,000 mark, a significant milestone for the asset.

This move is supported by steady inflows into Bitcoin ETFs, which have seen a net inflow of $2.8 billion over eight consecutive positive trading sessions from August 17 to 26, 2023.

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