BlackRock: Bitcoin Security Consortium Secures $15M
BlackRock, Fidelity and Coinbase commit $15M to Bitcoin Security Consortium, supporting BTC infrastructure as price holds $64861.43 on 4h chart.
SourceAnalysis
BlackRock, Fidelity, Coinbase and six other institutions launched the Bitcoin Security Consortium with a $15M commitment over three years to fund core BTC security initiatives.
Bitcoin trades at $64861.43 inside the Bollinger Bands on the 4-hour chart, testing the lower band support at $64797.7 while the EMA50 at $65022.82 caps upside in a bearish structure marked by the MACD death cross; neutral RSI at 42.25 suggests limited momentum for an immediate break higher, favoring a measured retest of the EMA200 at $63745.55 before any sustained recovery in bitcoin institutional adoption and crypto security funding.
Dan Held
@danheldBitcoin DeFi investor and Asymmetric GP, advising major Web3 projects, with executive experience at Kraken, Uber, and Blockchain.
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