BlackRock's Bitcoin Fund Surprises Market After Quiet August Listing 2024



Bitcoin, a type of digital money you can use online, has been making some big waves recently. Its price went up and down very quickly, and this story is about why.

Excitement waned as BlackRock's ETF news disappeared, causing a swift BTC price drop, showcasing cryptocurrency market volatility. 

BlackRock planned a BTC ETF, grabbing attention. An ETF is a special way to invest in BTC.

BlackRock's ETF on DTCC's site sparked optimism for BTC's approval, pushing its price over $35,000, fueling high hopes.

In sum, BTC's price rollercoaster tied to BlackRock's ETF on DTCC underscores crypto's volatility, emphasizing the need for cautious, long-term investment.

Why Did This Happen? The big question is why did BTC's price change so much because of the news about BlackRock's ETF?

Tap on Below link to know why this happened.