BREAKING
381d 23h ago

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

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

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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