“The Rebound ComESS AMID A PLANNED Crypto Summit Hosted by Donald Trump and Blackrock’s Inclusion of Bitcoin in Itl Portfolios.”, – WRITE: www.coindesk.com
The Dip in Prices Saw The Crypto Fear & Greed Index Plunge to 10, A Level That Hadn’T Been Seen Since The 2022 Bear Market. However, IT HAS Since Recovered to 20 White Still Being in the “Extreme Fear” Range.
Bitcoin’s Price Has Now Risen More than 3% in the Last 24-Hour Period to Now Nov Trade Above $ 84.400, While The Broader Coindesk 20 Index (CD20) ROSE 1.5% in the Same Period to To. ITS PERFORANCE IS BEING Affected by Sol Dipping Nearly 3% in the Period, While Other Components Are Up for the Day.
The Cryptocurrency Market Seemed to have Caunght A Bid After The White House AnnounCed that US President Donald Trump Will Host A Crypto Summit on March 7. Founders, CEOS, AND INVESTORS FROM The Crypto Industry, As Well As Members of the President’s Working Group on Digital Assets, Accounting To A Press Release.
The Event is the Latest Sign of the Trump Administration’s Pro-Crypto Policies. It Comes After The US Securities and Exchange Commission (SEC) Droped Lawsuits Against Coinbase and Metamask Developer Consensys, As Well As Investigations Into Robinhood, Unisations.
In Addition, The World’s Largest Asset Manager, Blackrock, Has Added a 1% to 2% Alloction of It ITS ISHARES BITCOIN TRUST (IBIT) to One of Itl Portfolios. These Models Propose Portfolio and Rebalancing Strategies that Are Subsequently Execurated by Advisors and Platforms. This is the First Time Blackrock Has Decides to Ibit to Any of Itls, Opening Up The Potential for a New Wave of Demand for Bitcoin Etfs.
