Avalanche Rallies 7.7% on BlackRock Investment and ETF Approval Hopes
I noticed Avalanche (AVAX) climbed to $24.77 after a 7.7% gain in the past 24 hours, a move clearly fueled by BlackRock's reported $240 million stake and growing ETF optimism. The combination of a major institutional investment and a strong market consensus — roughly 90% odds of ETF approval by December 2025 — appears to be driving renewed crypto interest and price momentum.
I'm tracking AVAX closely as this surge highlights how institutional activity and ETF speculation can catalyze sharp short-term gains in the crypto market. While the headlines around BlackRock and ETF approval are boosting Avalanche's visibility, I remain mindful that such rallies can be sentiment-driven and prone to pullbacks.
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