🚀 Bitcoin enthusiasts, rejoice! BTC has surged by more than 4.5% to over $70,000 on Monday, recovering from its dip below $65,000 last week. The crypto king reached an all-time high of $74,000 earlier this month, and it's climbing back up! 📈

The recent price boost came after BlackRock's digital assets lead, Robert Mitchnick, called Bitcoin a good portfolio diversifier at the Bitcoin Investor Day conference. He explained that BTC's price movements have historically correlated with real interest rates and inflation expectations. 🎯

Mitchnick also highlighted Bitcoin's unique demand among BlackRock's clients compared to other digital assets. With over 240,000 BTC held in BlackRock's Bitcoin ETF (IBIT), it's second only to the Grayscale Bitcoin Trust (GBTC). 🥈

Monday's BTC surge coincided with over $200 million of crypto liquidations, mostly impacting short traders. So, keep an eye on the crypto market and stay optimistic about Bitcoin! 🌟