The post BlackRock just dumped nearly 800 Bitcoin worth millions appeared on BitcoinEthereumNews.com. BlackRock, the world’s largest asset manager, has just dumped 749 Bitcoin (BTC), worth approximately $88 million, on Wednesday, October 29. Following the moves, the fund’s total holdings sit at 805,540 BTC, valued at around $89.12 billion, according to the information shared by HeyApollo ETF tracker co-founder Thomas Fahrer on October 30. BlackRock BTC inflows. Source: Thomas Fahrer (@thomas_fahrer) Overall, spot Bitcoin ETFs recorded 4,238 BTC in daily outflows, which translates to approximately $471 million, as per the same data. Nonetheless, the funds are still in the green this month, with as much as 40,004 BTC, or $4.48 billion, added. Bitcoin falls amid macro uncertainty The transaction came just as the leading cryptocurrency started to lose steam following the Tuesday uptick, following the broader crypto market’s 1.5% decline. Most of the top 10 cryptocurrencies by market cap are currently in the red. Ethereum (ETH) and Solana (SOL), for instance, each dropped 2.5%, while XRP suffered a loss of 3.5%.  Renewed uncertainty regarding macro conditions was the primary factor behind the downturn. Namely, Fed Chair Jerome Powell stated that a December rate cut was not certain, reigniting concerns over stagflation.  As a result, roughly $812 million worth of leveraged crypto trades were liquidated, and the Crypto Fear & Greed Index once again dropped to “Fear” levels, 34 at the time of writing, when Bitcoin was trading at $110,050, down 2.68% on the daily chart.  BTC 24-hour price. Source: Finbold The pullback also deepened after the asset broke below its 30-day simple moving average (MA) at $114,428 and a critical Fibonacci support near $112,231. At the same time, the Relative Strength Index (RSI) at 44.65 also points to weakening momentum.  Featured image via Shutterstock Source: https://finbold.com/blackrock-just-dumped-nearly-800-bitcoin-worth-millions/The post BlackRock just dumped nearly 800 Bitcoin worth millions appeared on BitcoinEthereumNews.com. BlackRock, the world’s largest asset manager, has just dumped 749 Bitcoin (BTC), worth approximately $88 million, on Wednesday, October 29. Following the moves, the fund’s total holdings sit at 805,540 BTC, valued at around $89.12 billion, according to the information shared by HeyApollo ETF tracker co-founder Thomas Fahrer on October 30. BlackRock BTC inflows. Source: Thomas Fahrer (@thomas_fahrer) Overall, spot Bitcoin ETFs recorded 4,238 BTC in daily outflows, which translates to approximately $471 million, as per the same data. Nonetheless, the funds are still in the green this month, with as much as 40,004 BTC, or $4.48 billion, added. Bitcoin falls amid macro uncertainty The transaction came just as the leading cryptocurrency started to lose steam following the Tuesday uptick, following the broader crypto market’s 1.5% decline. Most of the top 10 cryptocurrencies by market cap are currently in the red. Ethereum (ETH) and Solana (SOL), for instance, each dropped 2.5%, while XRP suffered a loss of 3.5%.  Renewed uncertainty regarding macro conditions was the primary factor behind the downturn. Namely, Fed Chair Jerome Powell stated that a December rate cut was not certain, reigniting concerns over stagflation.  As a result, roughly $812 million worth of leveraged crypto trades were liquidated, and the Crypto Fear & Greed Index once again dropped to “Fear” levels, 34 at the time of writing, when Bitcoin was trading at $110,050, down 2.68% on the daily chart.  BTC 24-hour price. Source: Finbold The pullback also deepened after the asset broke below its 30-day simple moving average (MA) at $114,428 and a critical Fibonacci support near $112,231. At the same time, the Relative Strength Index (RSI) at 44.65 also points to weakening momentum.  Featured image via Shutterstock Source: https://finbold.com/blackrock-just-dumped-nearly-800-bitcoin-worth-millions/