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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-takes-center-stage-as-blackrock-focuses-on-leading-cryptocurrency/" data-wpel-link="internal">Bitcoin Takes Center Stage as Blackrock Focuses on Leading Cryptocurrency</a> 
The crypto market has seen a significant bull run over the last 30 days, creating a buzz worldwide. This surge was led by <a href="https://coin-turk.com/piyasaya-guncel-bakis-bitcoin-ve-altcoinlerde-son-durum" data-wpel-link="internal">Bitcoin</a> and later spread across the entire market. <a href="https://en.coin-turk.com/bitcoin-etfs-gain-momentum-with-consistent-positive-flows/" data-wpel-link="internal">Bitcoin</a>‘s price continued to hit all-time highs for days on end. One of the key factors behind the Bitcoin rally was the influx of investments into spot Bitcoin ETFs approved in January. A critical statement from a top executive at Blackrock today raised questions concerning altcoins. 
<h2 style="text-align: justify" id="bitcoin-our-priority">Bitcoin Our Priority</h2> 
Robert Mitchnick, Blackrock’s Head of Digital Assets, made a statement about cryptocurrencies. In his remarks, Mitchnick highlighted their focus on Bitcoin, effectively sidelining altcoins. 
Blackrock official Mitchnick’s statement was as follows: 
<blockquote> 
 For our clients, Bitcoin is clearly the top priority. <a href="https://coin-turk.com/analist-bu-gelisme-ethereuma-iyi-gelecek" data-wpel-link="internal">Ethereum</a> and the rest occupy a very small space. 
 The crypto community wants Blackrock to launch products tied to other cryptocurrencies, but that’s not our focus. 
</blockquote> 
Amid discussions of a potential Ethereum ETF and anticipation for a decision by May 23, a significant statement from a Blackrock executive has raised major questions. 
Recently, the SEC made a significant move by initiating a campaign to classify Ethereum as a security. While all this was happening, altcoins continued to decline. 
<h2 style="text-align: justify" id="how-much-are-altcoins-worth-now">How Much Are Altcoins Worth Now?</h2> 
The crypto market continued the day with a negative outlook. The decline that started after the recent FOMC meeting continued today. A review of the top 10 <a href="https://coin-turk.com/shiba-inu-yatirimcilarina-cagri-yapildi-shib-icin-beklenti-ne" data-wpel-link="internal">altcoins</a> revealed that Solana (<a href="https://en.coin-turk.com/bitcoin-price-decline-could-soon-end-with-us-inflation-data/" data-wpel-link="internal">SOL</a>) experienced the most notable drop. SOL’s price fell by 8% to trade at the $170 level. 
Solana’s decline was followed by Ethereum (ETH). After the events, Ethereum’s price continued to fall, dropping by 5.28% to a level of $3,308. 
None of the top 10 altcoins showed signs of an uptrend, with <a href="https://en.coin-turk.com/binance-coin-bnb-faces-the-risk-of-losing-its-key-support-level-warns-analyst/" data-wpel-link="internal">BNB</a> being the strongest, only falling by 1.46% to the $550 level. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331963" src="https://coin-turk.com/wp-content/uploads/2024/03/bnb-kac-dolar-oldu.png" alt="" width="1835" height="857"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-takes-center-stage-as-blackrock-focuses-on-leading-cryptocurrency/" data-wpel-link="internal">Bitcoin Takes Center Stage as Blackrock Focuses on Leading Cryptocurrency</a></h5>

Bitcoin Takes Center Stage as Blackrock Focuses on Leading Cryptocurrency

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