bullish

Bitcoin

BlackRock

Bitcoin (BTC), the biggest digital asset, saw a major halt in its bullish chance to regain the $70,000 level. BTC’s price dropped by over 2% in the last 24 hours dragging it back to the $67,000 zone. However, the investment giant, BlackRock, utilized the opportunity and straight away bought the dip.
The cumulative crypto market cap recorded a decline of around 2.5% over the last day to stand at $2.33 trillion. Popular <a href="https://www.cryptopolitan.com/top-3-altcoins-to-buy-in-november-for-massive-roi-neiro-xyzversus-xyz-and-pepe/" rel="noopener noreferrer nofollow">altcoins</a> like Ethereum (ETH) and Solana (SOL) posted a drop of 3.25% and 1.37%, respectively.
<h3 id="span-style-font-weight-400-blackrock-buys-4869-more-bitcoin-span">BlackRock buys 4869 more Bitcoin</h3>
As per the <a href="https://x.com/thomas_fahrer/status/1848546790746071089" rel="noopener noreferrer nofollow" target="_blank">data</a>, BlackRock bought 4869 Bitcoin (approx worth $328 million) amid the price dip. The investment giant has maintained its accumulation spree. Last week, it bought a total of 16,975 BTC (approx worth $1.17 billion) and sent <a href="https://www.cryptopolitan.com/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> up by 8%.
Bitcoin surged close to $70,000 on Monday, buoyed by <a href="https://www.cryptopolitan.com/bitcoin-etfs-record-950000-btc-in-aum/" rel="noopener noreferrer nofollow">ETF inflows</a> and optimism around US regulatory changes. With the November 5 election on the line, political dynamics are at play. Republican candidate Donald Trump has embraced a pro-crypto stance, making Bitcoin a potential “Trump trade.” Meanwhile, VP Kamala Harris has vowed to support clearer crypto regulations.
Meanwhile, Arkham reported that an ancient whale from 2009 sold $9.68 million worth of its Bitcoin holding. This whale mined thousands of BTC starting just only 5 days after the first block was produced.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗔𝗡𝗖𝗜𝗘𝗡𝗧 𝟮𝟬𝟬𝟵 𝗪𝗛𝗔𝗟𝗘 𝗦𝗢𝗟𝗗 $𝟵.𝟲𝟴𝗠 𝗕𝗜𝗧𝗖𝗢𝗜𝗡
 We’ve been tracking an ancient Bitcoin whale who mined thousands of BTC, starting only 5 days after the first block in 2009.
 He’s now sold $9.68M BTC in total – and has $72.09M BTC remaining. <a href="https://t.co/juZlzhPtfc" rel="noopener noreferrer nofollow" target="_blank">https://t.co/juZlzhPtfc</a> <a href="https://t.co/YO9s6jxbdc" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/YO9s6jxbdc</a>
 — Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1848450924773040151?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">October 21, 2024</a>
</blockquote>
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 It is still holding $72.09 million worth of Bitcoin remaining in the wallet.
<h3 id="span-style-font-weight-400-blackrock-s-ibit-sees-329m-inflow-span">BlackRock’s IBIT sees $329M inflow</h3>
According to the <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow" target="_blank">SoSoValue data</a>, Bitcoin spot ETFs recorded an inflow of $294.29 million on October 21, 2024, marking 7 days of consistent inflow. BlackRock’s ETF IBIT saw the highest net inflow for the day with a daily net inflow of $329.03 million. Its total historical net inflow hits $23.17 billion.
Grayscale’s ETF GBTC had a net outflow of $4.85 million which brings its total net outflow to $20.10 billion. While, Fidelity’s ETF FBTC had a daily net inflow of $5.90 million, with its total historical net inflow reaching $10.31 billion.
Bitcoin price is still up by 3.5% in the last 7 days despite hitting $66,600 on its way down. BTC is trading at an average price of $67,532, at the press time.

BlackRock buys the Bitcoin dip, 2009’s whale cashes out

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