BTC price to hold $96K support as BlackRock moves to Bitcoin ETFs in Europe

Quick Summary:

Bitcoin price consolidated within the narrow 5% range between $95,000 and $100,000 on Wed Feb 5, as markets struggled under bearish headwinds from the US-China trade war.

Data from Arkham Intelligence reveals that BlackRock currently holds 582,000 BTC, making it the largest known corporate holder of Bitcoin.

The introduction of a European Bitcoin ETF could accelerate global regulatory cooperation on digital assets.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: IndiaChinaSwitzerland

Topics: Bitcoin Price Analysis Bitcoin price Blackrock Price Analysis Bitcoin BlackRock ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 19:17:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 48 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25913407

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

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News Last Updated: 10 hours ago

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