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BlackRock Collaborates with U.S. Government to Sell $114 Billion in Signature Bank and Silicon Valley Bank Securities

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Today’s Cryptocurrency Headline


BlackRock, the world’s largest asset management company, is working with the U.S. government to sell $114 billion worth of securities from Signature Bank and Silicon Valley Bank (SVB), including $27 billion in Signature Bank securities and $87 billion in SVB securities. The Federal Deposit Insurance Corporation (FDIC) announced the deal on Wednesday, stating that these securities primarily consist of Agency Mortgage Backed Securities, Collateralized Mortgage Obligations, and Commercial Mortgage Backed Securities. The FDIC tapped BlackRock to orchestrate the sale, which is intended to be “gradual and orderly” so as not to disturb the market, by taking daily liquidity and trading conditions into account.


BingX’s Bitcoin Chart

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According to the U.S. Department of Labor, non-farm payrolls increased by 236,000 in March, following a 311,000 gain in February. Economists had anticipated an increase of 230,000. Bitcoin has experienced a slight decline of 0.52% over the past 24 hours, reaching an intraday low of $27,766.94. The upward-sloping 20-day EMA and the RSI in positive territory suggest that bulls maintain the upper hand. If the BTC/USDT pair remains above $28,000, the price could rise to $30,000.


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