BlackRock CEO says he was wrong about Bitcoin, plus major altseason indicators

Bitcoin continued its whiplash-inducing rally into the night last night, slowed only by Mt. Gox moving over 140K BTC, spooking onlookers. Nevertheless, in under a week, the Crypto Fear & Greed Index has rocketed from ‘Extreme Fear’ to ‘Greed,’  and it’s no wonder why; the spot Bitcoin ETFs have continued to see heavy inflows, BlackRock's CEO, Larry Fink, admits he was wrong about Bitcoin and that it is a ‘legitimate financial instrument,' and the spot Ether ETFs may begin trading next week. Then, after many false dawns, could the indicators really be pointing toward altseason at last, or is it more hopium?

Further reading:

• Bitcoin indicators flash ‘greed and FOMO’ as ETF inflows top $300M
• BTC price all-time high in July? 5 things to know in Bitcoin this week
• BTC price demands $63K flip as BlackRock CEO calls Bitcoin ‘legitimate’
• BlackRock’s Larry Fink says he was wrong, calls Bitcoin digital gold
• SEC requests final S-1 submissions for Ether ETF launch
• Tether hires Chainalysis’ chief economist for USDT usage reports
• Time for altseason? Analysts say altcoin market is near ‘momentum bottom’

So, grab yourself a coffee, and let’s get into it!

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