Crypto
BlackRock buys bitcoin after it breaks $80,000 level, raising question of institutional demand rebound
Global asset manager BlackRock on Aug. 27 bought an additional $200.76 million worth of bitcoin. Blockchain outlet U.Today reported that inflows into the spot exchange-traded fund market continued after bitcoin recently moved above the $80,000 resistance level, lifting expectations of a return in institutional buying. Whale Insider data showed BlackRock made a large purchase, while spot bitcoin ETFs posted $232.12 million in net inflows the prior session.
