Following the recent market crash due to Donald Trump’s tariff orders. Bitcoin and Ethereum It experienced a sharp decline below key support levels. While both coins have fallen significantly, ETH has emerged as the leading choice as major companies trade BTC for altcoin leaders.
Institutional conversion from Bitcoin to Ethereum
The main crypto assets are: Ethereum And Bitcoin is starting to regain lost ground once again. Ethereum, on the other hand, appears to be leading the way in terms of institutional adoption, reflecting the long-term potential of the leading altcoin.
In a move that has set off a frenzy across the crypto and traditional financial sectors, BlackRock, the world’s largest asset manager, is reportedly moving some of its Bitcoin holdings into ETH. coin bureau share This institutional axis on social media platform X has attracted the attention of the crypto community.
This bold rotation signals a major change in institutional opinion and growing confidence in Ethereum’s sustained price appreciation. black rock’s migration to ETH highlights the asset’s growing importance as a foundation for decentralized finance and the next generation of financial infrastructure, even as Bitcoin continues to dominate as a store of value.
Data shared by Coin Bureau revealed that the leading asset management company transferred approximately 272.4 BTC worth approximately $28.3 million to Coinbase Prime. A few hours later, BlackRock was observed withdrawing over 12,098 ETH worth $45.4 million.
Bitmine Immersion Technologies Inc. is also accumulating ETH at a significant and rapid pace. recent report Information from BMNR Bullz indicates that large financial firms have purchased thousands of ETH within the past week to shore up their finances. digital asset safe.
Despite the recent market crash, the company continued to double its altcoins, raising a total of 379,271 ETH worth $1.5 billion. By purchasing large amounts of Ethereum, Bitmine is demonstrating its belief in: Expanding role of networks in blockchain innovation.
During Friday’s selloff, Bitmine purchased over 72,898 ETH worth $281 million. Three days prior to this acquisition, the company purchased over 104,336 ETH worth $417 million. In the end, +202,037 ETH occurred after the weekend crash, bringing the total to 379,271 ETH within a week.
with bitmine Continuous acquisition of altcoins This reflects the company’s co-CEO Tom Lee’s bold declaration that Ethereum will become the backbone of the digital economy. According to BMNR Bullz, this is not a buy signal, but a seismic shift.
ETH in the inflation hedger
Some of the biggest names in the financial industry are now backing Ethereum. robert kiyosakiHe is a billionaire and author of the book “Rich Dad, Poor Dad.” Contains ETH is one of the key assets to hedge against rising inflation around the world.
As inflation continues to rise, making life harder for the poor and middle class, the billionaire urged people not to rely on government counterfeit or fiat currency. Instead, you should invest in gold, silver, Bitcoin and Ethereum, which he calls real money.
Featured image from Pxfuel, chart from Tradingview.com
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