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Ali Adnan Arain
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BlackRock just bought $217 million of these two cryptocurrencies: BlackRock, the world’s largest asset manager, continues to deepen its exposure to crypto assets, purchasing over $217 million in Bitcoin (BTC) and Ethereum (ETH) in a single day through its spot ETFs. According to market data, BlackRock’s iShares Ethereum Trust (ETHA) acquired 20,955 ETH, valued at $53.2 million on July 7. The move brings the fund’s total Ethereum holdings to approximately 1.5% of the entire ETH supply, achieved in less than 12 months since the fund’s launch. BlackRock now holds more than 700,000 BTC Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) purchased 1,388 BTC worth $164.3 million on the same day. This brought the total number of Bitcoin held under IBIT to 700,307 BTC, solidifying the fund’s position as the largest Bitcoin ETF by assets under management. Notably, IBIT’s trading volume also spiked on July 7, reaching $2.3 billion, indicating heightened investor participation as Bitcoin’s price continues to trade above $108,000. #Write2Earn #BTCBreaksATH
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#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_WKSM5
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#BinanceTurns8 Collect all #BinanceTurns8 crypto star sign for a chance to win bonus BNB reward! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_WKSM5
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#BinanceTurns8 Collect all #BinanceTurns8 crypto star sign for a chance to win bonus BNB reward! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_WKSM5
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Bitcoin Traders Chase $130K Bets in Anticipation of Renewed Bullish Volatility Bitcoin's price has been stable between $100,000 and $110,000, but upcoming events like the Fed minutes release may impact volatility. What to know: Bitcoin traders are increasingly buying higher-level call options on Deribit, indicating expectations of bullish price volatility. A breach of the $110,000 resistance could lead to increased volatility, with some traders positioning for a rise to $130,000, according to QCP Capital. Bitcoin's price has been stable between $100,000 and $110,000, but upcoming events like the Fed minutes release may impact volatility. "They are continuing to add exposure to September $130,000 calls, while steadfastly holding September $115,000/$140,000 call spreads, underscoring a structurally bullish Q3 outlook," QCP added. A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market. In other words, buyers of the $130,000 strike call expect BTC's spot price to rise above that level. $BTC
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