Bitcоin

Bitcoin Price Hits $62K As BlackRock Bets on BTC Against Weakening US Dollar

05.10.2024

With Bitcoin price facing a stiff resistance around $62.2K, the chances of a quick reversal are high. This move would further extend the ongoing seven-month consolidation. Regardless of this sideways price action, the long-term outlook for BTC remains bullish. BlackRock, the world’s largest asset manager, explained in a recent conference why owning Bitcoin (BTC) is crucial as the US dollar’s purchasing power has been on a free fall since 1913.

Source

Click to rate this post!
[Total: 0 Average: 0]
05.10.2024
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

  • bitcoinBitcoin (BTC) $ 98,212.00
  • ethereumEthereum (ETH) $ 3,436.08
  • tetherTether (USDT) $ 0.999310
  • dogecoinDogecoin (DOGE) $ 0.325398
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.895765
  • tronTRON (TRX) $ 0.254471
  • chainlinkChainlink (LINK) $ 23.69
  • hedera-hashgraphHedera (HBAR) $ 0.307666
  • stellarStellar (XLM) $ 0.372646
  • bitcoin-cashBitcoin Cash (BCH) $ 453.99
  • leo-tokenLEO Token (LEO) $ 9.47
  • litecoinLitecoin (LTC) $ 107.57
  • crypto-com-chainCronos (CRO) $ 0.154808
  • vechainVeChain (VET) $ 0.049478
  • ethereum-classicEthereum Classic (ETC) $ 26.70
  • moneroMonero (XMR) $ 189.94
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 52.50
  • algorandAlgorand (ALGO) $ 0.367354
  • cosmosCosmos Hub (ATOM) $ 6.69
  • blockstackStacks (STX) $ 1.62
  • theta-tokenTheta Network (THETA) $ 2.29
  • gatechain-tokenGate (GT) $ 15.28
  • tezosTezos (XTZ) $ 1.40
  • makerMaker (MKR) $ 1,573.93
  • kucoin-sharesKuCoin (KCS) $ 11.07
  • eosEOS (EOS) $ 0.811877
  • iotaIOTA (IOTA) $ 0.306990
  • zcashZcash (ZEC) $ 68.95
  • neoNEO (NEO) $ 14.38
  • matic-networkPolygon (MATIC) $ 0.499127
  • havvenSynthetix Network (SNX) $ 2.12
  • tether-goldTether Gold (XAUT) $ 2,630.24
  • dashDash (DASH) $ 43.57
  • true-usdTrueUSD (TUSD) $ 1.00
  • holotokenHolo (HOT) $ 0.002443
  • zilliqaZilliqa (ZIL) $ 0.021687
  • 0x0x Protocol (ZRX) $ 0.483388
  • enjincoinEnjin Coin (ENJ) $ 0.228333
  • basic-attention-tokenBasic Attention (BAT) $ 0.248880
  • qtumQtum (QTUM) $ 3.21
  • siacoinSiacoin (SC) $ 0.005495
  • ravencoinRavencoin (RVN) $ 0.021587
  • decredDecred (DCR) $ 17.56
  • nemNEM (XEM) $ 0.024794
  • digibyteDigiByte (DGB) $ 0.012483
  • ontologyOntology (ONT) $ 0.238351
  • nanoNano (XNO) $ 1.47
  • bitcoin-goldBitcoin Gold (BTG) $ 10.74
  • iconICON (ICX) $ 0.178772
  • huobi-tokenHuobi (HT) $ 1.12
  • statusStatus (SNT) $ 0.041701
  • wavesWaves (WAVES) $ 1.57
  • liskLisk (LSK) $ 0.935217
  • hiveHive (HIVE) $ 0.333429
  • numeraireNumeraire (NMR) $ 15.78
  • steemSteem (STEEM) $ 0.209993
  • paxos-standardPax Dollar (USDP) $ 1.00
  • binance-usdBUSD (BUSD) $ 0.999795
  • omisegoOMG Network (OMG) $ 0.351790
  • republic-protocolRen (REN) $ 0.033220
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.061604