BlackRock Sees Crypto Rally After Selloff

Robert Mitchnick, Head of Digital Assets at BlackRock, anticipates a cryptocurrency rally following a recent selloff. Bitcoin is currently hovering around the $70,000 mark, a level not seen in over a week. This comes amidst broader market volatility, with stocks experiencing a decline and energy prices surging due to renewed attacks on Middle Eastern energy infrastructure. Mitchnick's outlook suggests a potential recovery for digital assets despite current geopolitical and market pressures.