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BlackRock’s Mitchnick says bitcoin’s risk-off narrative is ‘the one to bet on’ long term as rally consolidates near $80,000

Renewed spot ETF inflows and bitcoin's declining correlation with equities are also constructive signs, according to analysts.

James Hunt

Publisher The Block

Aug 27, 2026 at 12:00 PM UTC · 1 min de leitura

BlackRock’s Mitchnick says bitcoin’s risk-off narrative is ‘the one to bet on’ long term as rally consolidates near $80,000
Image via The Block

Entities

bitcoin, blackrock

Market Impact

BTC+3.11%$80,205

Last Updated

há 2 horas

Traduzindo…

Renewed spot ETF inflows and bitcoin's declining correlation with equities are also constructive signs, according to analysts.

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Originally reported by The Block

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Market Context

Bitcoin

BTC

$80,209

+3.12% (24H)

Market Cap

$1.60T

Circulating Supply

20.1M BTC

24H Volume

$30.6B

24H High

$80,500

View Bitcoin Market Page

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