Ethereum

2024

Bitcoin

Block

BlackRock

<ul> 
 <li>Bullish waves come in to wash away FUD sentiment.</li> 
 <li>Jack Dorsey says Block will buy Bitcoin every month.</li> 
 <li>This paired with other bullish announcements start a new wave of bullish sentiment.</li> 
</ul> 
<p>Following the last couple of days of <a href="https://cryptonewsland.com/market-manipulation-bitcoin-etf-outflows-fud-rising-crypto-dip-barrels-on-parabolic-trend-on-the-horizon/" target="_blank" rel="noreferrer noopener">FUD sentiment in the crypto market</a>, it looks like bullish signs are bringing back hope to a grief-stricken crypto community. Of many bullish conversations in the industry, one in particular stands out.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">JUST IN: Jack Dorsey's 'Block' says it will buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> every month with 10% of its gross profit from <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> products.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1786139737478115437?ref_src=twsrc%5Etfw">May 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Jack Dorsey, co-founder and <a href="https://cryptonewsland.com/jack-dorseys-first-tweet-nft-sees-drastic-devaluation/" target="_blank" rel="noreferrer noopener">former CEO of Twitter</a>, now chairperson of Block says that Block will buy Bitcoin (BTC) every month. Additionally, he says that it will do so with 10% of its gross profit from BTC products.&nbsp;</p> 
<p>The crypto community is excited to see another popular company with a level-headed leader take after another prominent figure whose company is always buying Bitcoin, Michael Saylor and MicroStrategy.</p> 
<p>Indeed, this is very bullish news for the crypto community. Some comments to the announcement says that all companies should put at least 10% of their inflated money into Bitcoin to further help the economy.</p> 
<p>Meanwhile, other significant reveals for the crypto market is ushering more bullish ways to the sector. For instance, the latest news from Hong Kong about launching Bitcoin and Ethereum ETFs are on track.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>HONG KONG SPOT BITCOIN AND <br>ETHEREUM ETFS SAW A WHOOPING <br>$292M INFLOWS ON THE FIRST DAY. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>'S SHARE WAS 85% AND <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> MANAGED TO GRAB THE 15%. <br><br>BULLISH AF <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/kjtjtz4UXH">pic.twitter.com/kjtjtz4UXH</a></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1786179857111523673?ref_src=twsrc%5Etfw">May 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Specifically, one <a href="https://twitter.com/Ashcryptoreal" target="_blank" rel="noreferrer noopener nofollow">crypto trader</a> shares that both Bitcoin and Ethereum ETFs saw massive inflows of $292 million on its first day alone. To break it down, Bitcoin ETFs got 85% and Ethereum ETFs took 15%.</p> 
<p>The same trader also highlights <a href="https://twitter.com/Ashcryptoreal/status/1786051361701761143" target="_blank" rel="noreferrer noopener nofollow">bullish moves made by BlackRock</a>. He says the head of BlackRock’s digital asset, Robert Mitchnick has said in an interview that sovereign wealth funds, pension funds, and endowments will all begin trading Bitcoin ETHFs in the following months.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/jack-dorsey-to-skip-web4-to-build-web5-on-bitcoin/">Jack Dorsey To Skip Web4, To Build Web5 on Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/jay-z-and-jack-dorsey-launch-bitcoin-academy/">Jay-Z and Jack Dorsey Launch Bitcoin Academy</a></li>
 <li><a href="https://cryptonewsland.com/jack-dorseys-block-firm-eyes-bitcoin-mining-and-hardware-wallet-creation/">Jack Dorsey’s Block Firm Eyes Bitcoin Mining and Hardware Wallet Creation</a></li>
 <li><a href="https://cryptonewsland.com/jack-dorseys-first-tweet-nft-sees-drastic-devaluation/">Jack Dorsey’s First Tweet NFT Sees Drastic Devaluation, Now Worth Less Than $4</a></li>
 <li><a href="https://cryptonewsland.com/sec-charges-kraken-for-alleged-violations-kraken-vows-to-defend-position/">SEC Charges Kraken for Alleged Violations, Kraken Vows to Defend Position</a></li>
</ul>  
<p>The post <a href="https://cryptonewsland.com/bullish-sentiment-reignits-as-jack-dorseys-block-vows-to-buy-bitcoin-every-month-blackrock-and-hong-kong-add-fuel/">Bullish Sentiment Reignits as Jack Dorsey’s Block Vows to Buy Bitcoin Every Month, BlackRock and Hong Kong Add Fuel</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bullish Sentiment Reignits as Jack Dorsey’s Block Vows to Buy Bitcoin Every Month, BlackRock and Hong Kong Add Fuel

Crypto News Land

Other articles published on May 3, 2024

Crypto Nightmare: Trader Loses $68M Wrapped Bitcoin (WBTC) In Single Click

Runes surge on Bitcoin: The hour of glory of L2 has arrived!

Solana’s On-Chain Activity Wanes: What’s Next For SOL?

US senators, FBI aren’t opposed to crypto privacy: Railgun contributor

Iran & Arkansas – Is crypto mining under threat right now?

Crypto Mining Restrictions: Arkansas Lawmakers Approve New Bills To Regulate Sector

Join our free newsletter for daily crypto updates!