BREAKING
368d 22h ago

BlackRock CEO Larry Fink Explores Bitcoin Investments Amid US Dollar Crisis and Inflation Concerns

BTC

BTC/USDT

$87,558.98
+1.10%
24h Volume

$21,554,028,319.65

24h H/L

$88,860.00 / $86,074.72

Change: $2,785.28 (3.24%)

Long/Short
72.8%
Long: 72.8%Short: 27.2%
Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$87,552.56

1.02%

Volume (24h): -

Resistance Levels
Resistance 3$94,275.60
Resistance 2$91,031.51
Resistance 1$88,311.05
Price$87,552.56
Support 1$86,576.35
Support 2$84,681.20
Support 3$80,600.00
Pivot (PP):$87,640.73
Trend:Downtrend
RSI (14):39.4

On January 24th, COINOTAG News reported insights from Forbes concerning BlackRock’s CEO Larry Fink. He underscored ongoing dialogues with various sovereign wealth funds about potential **Bitcoin** acquisitions. However, Fink refrained from naming these specific entities. His remarks coincided with mounting **concerns over the US dollar** amid inflationary pressures that have increasingly drawn institutional interest toward digital currencies like **Bitcoin**. The global economic landscape has shifted dramatically due to heightened government expenditures and stimulus initiatives. This escalating inflation has prompted the **Federal Reserve** to elevate interest rates at an unprecedented pace, resulting in rising debt service costs, fuelling fears of a looming **’death spiral’** in the economy. As conditions continue to deteriorate, Federal Reserve officials are actively pursuing strategies to mitigate what they describe as an impending **’stagflation nightmare.’**

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