Bitcoin temporarily dropped below $71,000 after the U.S. Bureau of Labor Statistics reported higher-than-expected wholesale inflation, causing significant market turbulence. Macro Pressures: PPI vs. Geopolitics Bitcoin momentarily slipped below the $71,000 threshold on Wednesday after the U.S. Bureau of Labor Statistics (BLS) released data showing wholesale inflation came in significantly hotter than expected across all […]
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Blackrock Processes $5 Billion in Direct Bitcoin-to-ETF Conversions
Key TakeawaysBlackrock cut IBIT’s in-kind minimum from $25M to $1M, as direct BTC-to-ETF swaps expand.Grayscale’s in-kind BTC creations rose from...













