BlackRock’s 1,000 BTC Exit Leaves Bitcoin Clinging to $60K Support
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BlackRock has exited a significant amount of bitcoin, reportedly 1,000 btc, through its ibit etf, which has led to bitcoin struggling to maintain support at $60k. The sale was part of a larger $1.3bn transaction, but the impact on bitcoin's price was limited. Bitcoin etfs have also seen substantial outflows, totaling $290m, amid increased risk aversion.