DeFi News Daily Official TheBitTimes.com

BlackRock, the world’s largest investment firm, accelerated its cryptocurrency buying spree this week, splashing over $300 million on Bitcoin (BTC).  Data from October 20–24 show that the firm’s Bitcoin ETF, IBIT, attracted $324.3 million in net inflows, signaling strong institutional appetite for the leading cryptocurrency despite recent market volatility. According to Coinglass data, BlackRock’s inflows fluctuated but maintained a dominant upward trend. The week began with a net outflow of $100.7 million on October 20, coinciding with mild weakness in Bitcoin’s price.  However, investor sentiment quickly reversed as inflows surged to $210.9 million on October 21, marking a strong rebound that set the tone for the rest of the week.  Momentum continued with $73.6 million added on October 22 and a further $107.8 million on October 23, reflecting renewed institutional accumulation. By October 24, inflows slowed to a more modest $32.7 million. Bitcoin ET...

The de-dollarization agenda is now gaining worldwide traction as the US dollar keeps displaying significant price volatility. The regular fluctuations encountered by the American currency are leading the world to explore capable alternatives to the US dollar, with a special focus shifting towards currencies such as the euro and Chinese yuan. This development is gaining momentum due to the fiery trade policies that US President Donald Trump has initiated in recent times. The rising trade war fears, coupled with the nations putting counter tariffs on the US, pushed investors to dump the US dollar, adopting alternatives like the yuan to perform cross-border transactions. Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit De-Dollarization Gains Steam: What’s Happening Source: Watcher Guru The financial market is now getting ready to embrace a new change. This change is marked with the rise of the multipolar currency world, where other currencies ...