Bitcoin Price Prediction: BTC Surges More Than 4% As The BlackRock Bitcoin ETF Accumulates $500M BTC In One Day And The Halving Looks Set To Boost This New ICO
The Bitcoin price has soared 4% in the last 24 hours to trade for $52,413 as of 7:10 a.m. EST time on trading volume that fell 11%. The surge comes despite recent negative comments about BTC by US Securities and Exchange Commission Gary Gensler. Appearing on CNBC on Wednesday morning, Gensler said Bitcoin is not decentralized, and added that it is the token of choice for ransomware. ₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: News anchor @JoeSquawk defends #bitcoin in a conversation with SEC Chair Gary Gensler this morning live on television. pic.twitter.com/DRIlWmTlxK — Documenting ₿itcoin 📄 (@DocumentingBTC) February 14, 2024 Meanwhile, reports indicate that BlackRock’s IBIT B itcoin ETF (exchange-traded fund) accumulated $500 million BTC in a single day on Tuesday. According to market watchers, this comes as the BlackRock ETF provides the seal of approval that institutional investors around the world needed to dip ...