After the recent market crash caused by Donald Trump's tariff orders, Bitcoin and Ethereum It has fallen sharply below key support levels. Both coins fell strongly, but ETH emerged as the top choice among major players as these institutions swapped BTC for altcoin leaders.
Institutional transition from Bitcoin to Ethereum
Major cryptocurrency assets include: Ethereum And Bitcoin is once again beginning to regain lost ground. Meanwhile, Ethereum 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 sparked enthusiasm across the cryptocurrency and traditional financial sectors, BlackRock, the world's largest asset manager, is reportedly moving a portion of its Bitcoin holdings to ETH. Bureau of Coins shared It is an institutional pivot to social media platform X that has captured the attention of the cryptocurrency community.
This bold swap represents a significant shift in institutional opinion and increased belief in Ethereum’s continued price rise. black rock's conversion to ETH highlights the asset's growing importance as a cornerstone of decentralized finance and next-generation financial infrastructure, despite Bitcoin's continued dominance as a store of value.
Data shared by Coin Bureau shows that the leading asset management firm transferred approximately 272.4 BTC worth approximately $28.3 million to Coinbase Prime. A few hours later, BlackRock was observed withdrawing 12,098 ETH worth $45.4 million.
Bitmine Immersion Technologies Inc. has also been accumulating ETH at a fairly rapid rate. recent report According to a report by BMNR Bullz, the leading financial firm purchased thousands of ETH last week to strengthen its own. digital asset finance.
Despite the recent market crash, the company continued to double down on altcoins, amassing a total of 379,271 ETH (worth $1.5 billion). With large purchases of Ethereum, Bitmine is demonstrating its conviction: Expanding the role of networks in blockchain innovation.
During Friday's downturn, Bitmine purchased 72,898 ETH worth $281 million. Three days prior to this acquisition, the company purchased over 104,336 ETH worth $417 million. Finally, +202,037 ETH was created after the weekend crash, bringing the total to 379,271 ETH in less than a week.
In Bitmine Continued acquisition of altcoins It echoes 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 move.
ETH among inflation hedgers
Prominent figures in the financial world are currently supporting Ethereum. Robert KiyosakiHe is a billionaire and author of Rich Dad, Poor Dad. Included ETH is one of the leading assets to hedge against rising inflation globally.
As inflation continues to rise and the poor and middle class struggle, the billionaire urged these people not to rely on fake government money or fiat currency. Instead, they should invest in what he calls real money: gold, silver, Bitcoin and Ethereum.
Featured image from Pxfuel, chart from Tradingview.com
editing process for focuses on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of the content for readers.
