| | Your Daily Digest of the 🔥Hottest News in Crypto | | | Today's top stories: 💰 BlackRock's advice for a 'reasonable' BTC portfolio 🤔 Is $4.5K the next stop for Ethereum? 🎧 Podcast: Bitcoin glides to a record daily close 📰 Keep reading to find out more about all of today's top stories | | | | BlackRock says 1-2% a 'reasonable' Bitcoin portfolio allocation
BlackRock, the world's largest asset manager, said an up to 2% portfolio allocation is "reasonable" for investors who wish to hold Bitcoin according to a Dec. 12 report. The report, which was shared with Cointelegraph and first reported by Bloomberg, says 1-2% is "a reasonable range for a Bitcoin exposure" but cautions that larger allocations "would sharply increase Bitcoin's share of the overall portfolio risk."
| |  | | | | | | | | Why tech giants like Amazon may hesitate to adopt Bitcoin
Big Tech companies like Amazon have a large amount of cash on hand — $87 billion last year — which loses purchasing power as the currency evaluates. Washington DC-based think tank The National Center for Public Policy Research (NCPPR) has submitted shareholder proposals to adopt Bitcoin as a solution. However, whether tech giants would see major benefits from this remains unclear.
| | | | | | | | |  | | [Cointelegraph Acceleration] With features like targeted marketing, automated engagement tasks and bot detection, Web3 ecosystems are evolving to ensure meaningful user connections.
| | | | | Is $4.5K the next stop for Ethereum? — Why ETH price is up today
Ether rallied 11.6% from Dec. 10 to Dec. 12, recovering losses from the preceding two days. This price move was partly driven by robust inflows into Ether spot exchange-traded funds (ETFs) and heightened activity on the Ethereum network, which helped restore investor confidence.
Between Dec. 9 and Dec. 11, the spot Ether ETFs recorded net inflows of $557 million, a significant contributor to the rapid price recovery. However, this appears to be more of a result than the primary cause. Investors seized the opportunity to buy the dip at $3,550, anticipating Ethereum's sustained dominance and the accelerating adoption of decentralized applications (DApps).
| | | | | | | | |  | | 🎄Tis' The Season to Be Giving 🎄
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