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BlackRock moves $429M in Bitcoin to central exchange sparking fears of selloff

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Summary
Nutrition label

56% Informative

BlackRock has moved $429M in Bitcoin to a centralized exchange hinting at a potential sale.

Bitcoin price has slipped below the $ 105 K mark as market sentiment sheds optimism.

The asset transfers to Coinbase Prime are fuelling speculation of a potential sell-off by BlackRock .

The assets come from its iShares Bitcoin Trust ETF with a month-long streak of heavy accumulation.

VR Score

34

Informative language

24

Neutral language

52

Article tone

formal

Language

English

Language complexity

42

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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