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Polymarket Traders Give Bitcoin Just 21% Odds of Hitting $70K in July, Even as ETF Money Returns

Polymarket traders are pricing only a 21% chance that bitcoin hits $70,000 before the end of July, with the coin trading near $61,600. The skepticism persists even as U.S. spot…

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Bitcoin and Ethereum ETFs Bleed for a Seventh Day as Blackrock’s IBIT Sheds $445 Million

U.S. spot bitcoin and ether exchange-traded funds (ETFs) recorded a seventh consecutive day of net outflows on June 26, with bitcoin products alone shedding $445 million in a single session.…

Continue ReadingBitcoin and Ethereum ETFs Bleed for a Seventh Day as Blackrock’s IBIT Sheds $445 Million

Blackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate

Blackrock, the world’s largest asset manager, told financial advisors that a bitcoin allocation of roughly 1% to 2% can serve as a “complementary diversifier” in long-term portfolios, framing the digital…

Continue ReadingBlackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate