Traders deposit $1.3 Billion on Binance as BlackRock CEO Predicts “Buying Opportunity”
The post Traders deposit $1.3 Billion on Binance as BlackRock CEO Predicts “Buying Opportunity” appeared on BitcoinEthereumNews.com.
Bitcoin rallied above $84,000 on Wednesday, jumping more than 8% within hours of Donald Trump’s surprise rollback of global tariff plans. The surge appears to validate BlackRock CEO Larry Fink’s Monday prediction that the looming economic uncertainty could create an attractive entry point for long-term investors. Trump Tariff U-Turn Ignites $84K Bitcoin Price Breakout Bitcoin (BTC) entered a 12% rebound on Thursday, was triggered by Trump’s abrupt reversal on sweeping tariffs initially aimed at all U.S. trading partners. The revised trade policy, which now targets a flat 10% tariff (excluding China), eased investor fears of an escalating global trade war. Bitcoin price action, April 10 2025 The crypto market responded swiftly. BTC price soared from an intraday low of $74,700 to peak near $83,600, its strongest single-day move since March. Top altcoins followed in Bitcoin bullish lockstep, with Ethereum, XRP, Cardano, Solana and Dogecoin also pulled double-digit gains. Markets Reaction Aligns with Blackrock CEO’s prediction Bitcoin 10% price rebound on Thursday coincided with remarks made earlier in the week by Larry Fink at the Economic Club of New York. When asked about Trump’s tarrifs, warned that broad tariffs could trigger a 20% correction in global markets, but added that such a move would likely present an “incredible buying opportunity.” “I see it more as a buying opportunity than a selling opportunity,” Blackrock CEO, Larry Fink said, emphasising a positive near-term outlook. With Trump’s early tariff U-turn appears to affirm the Blackrock CEO’s prediction that the trade war turbulence over the past, provides a opportunity for savvy traders to buy the dip. negate one of the key bearish risks, market participants seemed to interpret the event as a green light for reentry—validating Fink’s foresight. Binance sees $1.3B exchange deposits amid two-week turbulence Bitcoin price has endured intense volatility over the past…
Filed under: News - @ April 10, 2025 3:16 pm