CandleFocus Bitcoin Price Hits $62K As BlackRock Bets on BTC Against Weakening US Dollar
2024-10-05
Author: Content Editor
The Bitcoin price is struggling to break resistance at $62.2K, leading to a potential reversal and continuation of a seven-month consolidation phase. Despite this sideways movement, the long-term outlook for Bitcoin remains positive. BlackRock, the largest asset manager globally, highlighted in a recent conference the importance of owning Bitcoin due to the continuous decline in the purchasing power of the US dollar since 1913.
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