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Cryptocurrency Market Surges as Major Players Signal Confidence

BlackRock's entry and MicroStrategy's investment plans underscore growing mainstream and corporate belief in digital assets.

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Overview

  • Cryptocurrency market sees significant movements with Bitcoin and Ethereum leading the charge.
  • ETFs experience a $562 million net inflow, indicating growing investor interest in digital assets.
  • BlackRock announces plans to start buying Bitcoin for its largest fund, signaling mainstream financial acceptance.
  • MicroStrategy plans to raise $600 million to purchase more Bitcoin, underscoring corporate confidence in cryptocurrency.
  • NFT market remains vibrant with a $16 million sale of Alien Punk and three other large sales totaling $500K.