Here's Why Bitcoin, Ethereum, Solana Are So Boring Now Compared To 2021
Portfolio Pulse from Khyathi Dalal
The article discusses the current state of the cryptocurrency market, highlighting a shift in sentiment due to BlackRock's Bitcoin ETF and its impact on Bitcoin's price. Despite Bitcoin's success, altcoins have not followed suit, with retail sentiment still recovering from past market crashes. Potential catalysts for a retail resurgence in crypto include Bitcoin reaching new highs and new blockchain use cases.
August 29, 2024 | 3:03 pm
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BlackRock's application and subsequent approval of a Bitcoin spot ETF have significantly influenced Bitcoin's price, marking a shift in institutional perception and driving Bitcoin to new all-time highs.
BlackRock's involvement in the Bitcoin ETF space has been a major catalyst for Bitcoin's price increase, indicating strong institutional interest. This development is crucial for BlackRock as it positions itself as a leader in crypto investment products.
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