Bitcoin Price Eyes $66K As BlackRock CEO Larry Fink Declares BTC A New Asset Class, And Investors Rush To This New Crypto With A 2,465% APY
The Bitcoin price surged 2.7% in the last 24 hours to trade at $65.775 as of 3:20 a.m. EST on a 68% pump in trading volume to $43 billion. This surge follows comments by BlackRock CEO Larry Fink, who reaffirmed his belief that Bitcoin is a legitimate new asset class, bracketing the digital asset with gold. BREAKING: BlackRock CEO Larry Fink says neither Donald Trump nor Kamala Harris is a factor for crypto price as "we believe #Bitcoin is an asset class in itself." pic.twitter.com/HpBQtYvz8B — Altcoin Daily (@AltcoinDailyio) October 14, 2024 There was more good news for BTC with Bitcoin ETF (exchange-traded fund) inflows surging to $555.86 million on Oct. 14, a four-month high. Bitcoin Price Signals More Upside Ahead This BTC/SDT chart represents major technical Analysis indicators. From July through September 2024, an inverted head-and-shoulders formation is very apparent. This is often a bullish reversal pattern, where the head formed at approximately $54,500 whil...