Market News: BlackRock Bitcoin ETF Market Value Exceeds $30 Billion
data disclosed by Cointelegraph on the X platform shows that the market value of the BlackRock Bitcoin Exchange Traded Fund (ETF) IBIT has exceeded 30 billion US dollars, reaching this milestone in 293 days, while it took gold 1,790 days.
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Bitcoin dominance rises to 58% as altcoins struggle, legacy tokens show strength
Bitcoin’s ability to maintain its market dominance without significant price appreciation remains a key consideration, particularly as legacy cryptos show renewed strength.The following is an excerpt from The Block’s Data and Insights newsletter.