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BlackRock has officially become the second-largest holder of Bitcoin (BTC) globally. With 636,000 BTC now under management, the world’s largest asset manager sits behind only the mysterious creator of Bitcoin, Satoshi Nakamoto, who is estimated to hold 1.1 million BTC, according to new data from CryptoRank .  The milestone cements BlackRock’s dominance not just in traditional finance, but now in crypto markets as well. The firm is already the leading provider of Bitcoin ETFs by assets under management (AUM), and its inflows show no signs of slowing. Top Bitcoin holders. Source: CryptoRank BlackRock’s Bitcoin spot ETF Elsewhere, BlackRock’s Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has rapidly climbed the leaderboard and is now ranked among the top 5 U.S. ETFs by year-to-date inflows, according to the latest Bloomberg ETF flow data.  $IBIT has worked its way into the top 5 ETF in YTD flows with +$9b, just passing $BIL. This is wild bc just one mo...

As the bearish month of February comes to an end, the majority of assets in the cryptocurrency market were seen enduring losses. Bitcoin (BTC) was leading this downtrend as the king coin dipped below the $80,000 mark. While newbies were panic selling and some were buying the dip, Standard Chartered restored hope into the chaotic BTC market. Also Read: Dogecoin: Elon Musk’s Grok Predicts When DOGE Will Hit $0.90 $500,000 Still On The Cards For Bitcoin Source: Watcher Guru As soon as Bitcoin hit the $100,000 mark, a plethora of predictions for the king coin started flowing in. While some were betting on $200,000, a few others were setting ambitious targets like $500,000. But the asset’s latest drop to a low of $78,899.26 has left investors feeling bearish. Amidst this, Standard Chartered’s head of digital assets Analysis , Geoffrey Kendrick, told CNBC that he thinks Bitcoin will reach $200,000 this year. Furthermore, the optimistic cryptocurrency expert continues to predict th...