News that happened hours ago #BinanceAlphaAlert
📉 Market Performance
Bitcoin (BTC): Decreased by 3.1% to close at around $108,400.
Ethereum (ETH): Fell by 2.5% to settle around $2,745.
Altcoins: Experienced similar declines; BNB dropped by 2.8%, XRP by 3.4%, and Cardano (ADA) by 2.9%.
Total market capitalization: Decreased to $2.45 trillion, compared to $2.53 trillion the previous day.
🏦 Institutional Movements
BlackRock: Sold Bitcoin worth $561 million to purchase Ethereum, in a strategic move indicating a shift in its investment strategy.
Strategy: Announced the purchase of an additional 705 Bitcoin units worth approximately $75 million, further solidifying its position as the largest institutional holder of the digital currency.
📰 Additional News
Coinbase: Warned of a potential financial impact ranging from $180 to $400 million due to a cyberattack that compromised the data of several customer accounts.
Robinhood: Announced its acquisition of the Bitstamp platform for $200 million, in an expansion move to strengthen its presence in the digital currency market.
