BlackRock: Acquires $896.5M in BTC and ETH

BlackRock purchased $693.5M worth of BTC and $203M worth of ETH this week.

Institutions stepped up accumulation amid the ongoing BTC price action at $64874.41. Price trades inside the Bollinger Bands with upper resistance at $65317.61 and lower support at $64271.06 while the EMA50 sits at $64420.71 and EMA200 at $63729.12. With price testing upper Bollinger resistance at $65317.61 while RSI(14) holds at 56.41, a healthy retracement to the 50-EMA support at $64420.71 seems probable before further continuation. The MACD at 204.79 shows a death cross yet the broader trend structure remains bullish.