Bitcoin saw a significant rebound, trading at $65,796.33 at press time after a dip to $60,000.The leading cryptocurrency’s price climbed 1.40% in the last 24 hours and 5.26% over the past week
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BlackRock CEO Larry Fink praised Bitcoin’s legitimacy as an investment asset and as a viable alternative to traditional commodities like gold
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He believed that increased acceptance and liquidity would be the primary catalysts for market expansion rather than regulatory changes
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BlackRock’s Bitcoin ETF has attracted impressive inflows of $23 billion in nine months.
