Phyrex|May 28, 2026 18:22
On Wednesday, BlackRock investors ramped up their selling of BTC. Recently, there’s been some divergence between the U.S. stock market and Bitcoin. Although the conflict between the U.S. and Iran dragged BTC down, the U.S. stock market has remained very stable, thanks to the boost from AI. Some investors are starting to waver again, which is normal—especially since BlackRock investors hold the largest portion of BTC. If they reduce their holdings, it’s understandable given their significant share.
Right now, Bitcoin is basically the barometer of the risk market. Since it’s open 24/7, it’s more sensitive to U.S. policies. Unfortunately, even with Trump’s two consecutive public endorsements, the market remains unresponsive. The main issue is that crypto lacks its own narrative and is entirely just an accessory to the U.S. stock market.
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