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CryptoIntelligence 2024-04-06 09:03:00

Bitcoin Defies Inflation Concerns, Surges to $68,630 as Major Banks Join BlackRock’s ETF Initiative

On April 5, Bitcoin displayed resilience in the face of United States inflation indicators, buoyed by the anticipation of increased institutional investment. Despite broader market anxieties, Bitcoin (BTC) found robust support, propelling its value to $68,630 post-Wall Street’s opening bell, as evidenced by data from Cointelegraph Markets Pro and TradingView. Hovering around $68,000, the cryptocurrency’s uptick seemed to align with announcements that BlackRock, the globe’s premier asset manager, was integrating top U.S. banks into its Bitcoin exchange-traded fund (ETF) initiative, signaling a significant move towards mainstream financial acceptance. The ETF’s inclusion list, revealed in an online document, boasted industry giants

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