BlackRock's Bitcoin and Ether ETFs purchased over $1 billion on a Thursday when both cryptocurrencies experienced a price drop of over 5%. This indicates ongoing institutional interest in acquiring these assets during market corrections. Bitcoin reached lows of around $117,200, bringing it close to filling its recent CME futures gap, which many traders view as a significant support level. Amid a wave of liquidations totaling nearly $1 billion, BlackRock's investments highlighted a strong buyer interest from institutions. Popular analysts noted that the combined trading volume for Bitcoin and Ether spot ETFs was approximately $11.5 billion, comparable to major stocks like Apple. The market remains cautiously optimistic about Bitcoin's recovery potential as it managed to hold key support levels, suggesting possible future upward movements.

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