China News Today TheBitTimes.com

$10 trillion asset manager BlackRock has bought nearly $50 million in Bitcoin as other asset managers are selling in the past week. Arkham Intelligence data highlights the recent buying and selling activity among major financial institutions managing spot Bitcoin ETFs. The platform’s recent data reveals that BlackRock acquired around 515 BTC, worth just over $49M at press time. Grayscale Investments and Invesco recently offloaded part of their Bitcoin stash for unknown reasons. Bitcoin has been up and down in 2025 thus far but is overall up by over 6% in the past month. BlackRock, which is the world’s largest asset manager by total asset value, still appears highly confident in the cryptocurrency despite mixed market sentiment. BlackRock currently holds approximately $60 billion in Bitcoin. On the broader Bitcoin ETF market, there have been two consecutive days of net outflows. Data from Farside Investors show that out of the 11 asset managers, only BlackRock recorded posit...

Bitcoin is back on the rise today following the latest announcement by the SEC that its chair Gary Gensler will be stepping down from his post. In a move that came following mounting pressure, Gary Gensler announced he is officially stepping down from his role as chairman on January 20th. There has been growing speculation on his future in the SEC and a potential replacement since Donald Trump won the US election, and now the Chair has stamped his future. The news of Gensler stepping down from the SEC was a big win for crypto enthusiasts and investors. His resignation comes after a reign as chair where he made crypto regulation a priority, putting the hammer down on Bitcoin ETFs and crypto crime. With Trump’s cabinet being much more crypto-friendly, Gensler’s position in the SEC was always under threat. He ran the SEC as an anti-crypto unit, prolonging the approval of crypto ETFs and pursuing multiple lawsuits against crypto companies. Even the rest of the US government agr...

According to data from prominent crypto analyst Ali Martinez, Ripple whales picked up more than 380 million XRP tokens over the last ten days, worth nearly $228 million. The purchase comes amid a market resurgence, with Bitcoin (BTC) reclaiming the $63,000 mark as of today. Also Read: Top Meme Coins to Buy Now for 2x Gains – Don’t Miss Out! Market Resurgence and Bitcoin’s Performance #Ripple whales bought over 380 million $XRP in the past 10 days, worth around $228 million! pic.twitter.com/Fs9ayiHITA — Ali (@ali_charts) September 19, 2024 XRP is also witnessing a trend reversal, rallying 1% in the daily charts, 4.1% in the weekly charts, and 8.7% in the 14-day charts. XRP continues to glow red in the monthly charts, falling 1.2% in the last 30 days. Source: CoinGecko Will XRP Rally After The Whale Purchases? Anticipated Price Spike Ripple whales may be anticipating a price spike that will lead to a surge in purchases. The Federal Reserve recently cut interest rates by 50 bas...

Bitcoin faces a tough September, and investors are worried. Past trends show the Bitcoin price predictions often turning negative this month. This raises questions about recovery, but let’s see if the September slump holds. Will the crypto bounce back? Navigating Bitcoin’s September Slump: Cryptocurrency Trends and Price Predictions Source – SkyNews September’s Historical Performance Bitcoin usually struggles in September. It drops an average of 6.56% in value. This trend makes cryptocurrency investors careful. “September is a historically negative month for Bitcoin, as data shows it has an average value depletion rate of 6.56%. Thus far this month, the investor sentiment around Bitcoin has been negative as the coin has traded between $49,000 and $66,000,” Innokenty Isers, Founder and CEO at Paybis, told BeInCrypto. Also Read: BRICS Bank President Says Ditching the US Dollar is a ‘Main Focus’ Current Market Conditions BTC’s price is under $60,000. It fell 7.5% la...