Currencies34146
Market Cap$ 4.15T-0.41%
24h Spot Volume$ 110.73B+13.6%
DominanceBTC57.12%+0.91%ETH10.83%-2.17%
ETH Gas1.56 Gwei
Cryptorank

BlackRock Buys $643 Million Worth Of Bitcoin: BTC To $100,000?


by Paigambar Mohan Raj
for Watcher.Guru
BlackRock Buys $643 Million Worth Of Bitcoin: BTC To $100,000?

According to the data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF purchased $643.2 million worth of BTC on Apr. 23. The world’s largest asset manager had previously purchased $193.5 million worth of the asset on Apr. 22, and $41.6 million worth on Apr. 21. The firm bought a total of $878.3 million worth of BTC in just three days.

Also Read: How 2 Brothers Hit $9 Million With Shiba Inu: Throwback Thursday

Blackrock Bitcoin ETF puchase
Source: Farside

Bitcoin Surges Amid BlackRock’s Buying Spree

Digital globe with crypto symbols and investors surrounding it
Source: Watcher Guru

BlackRock’s recent purchases may have helped BTC breach the $90,000 mark. The asset has reclaimed the $92,000 price point for the first time since early March. Bitcoin (BTC) has faced a 1.3% correction in the daily charts but is green in the other time frames. The original crypto has rallied 9.5% in the weekly charts, 12.6% in the 14-day charts, 6.7% over the previous month, and 38.5% since April 2024.

BTC price chart
Source: CoinGecko

Also Read: SEC Chair Paul Atkins Priority: Crypto Regulation Or Ripple (XRP) ETFs

Other bullish developments may have also aided BTC’s latest rally. The appointment of Paul Atkins as the new SEC head has led to a rise in investor confidence. Atkins is a supporter of BTC and the crypto industry. Ousted SEC head Gary Gensler was often viewed as a villain by the crypto community.

Will The Asset Reclaim $100,000 Next?

CoinCodex anticipates Bitcoin (BTC) to continue its bullish trajectory over the next few days. The platform predicts BTC to hit a new all-time high of $131,019 on May 3. The asset’s price will rally by 41.74% if it hits the $131,019 target. CoinCodex does not expect BTC’s price to hold above $130,000. The platform anticipates a correction to $102,747 on June 1.

price prediction
Source: CoinCodex

Also Read: AI Predicts PEPE Price For The End of April 2025

There are still a lot of obstacles to the crypto market. Global macroeconomic headwinds may present considerable challenges to Bitcoin’s (BTC) rally. There is a possibility the asset may not rise as predicted by CoinCodex.

Read the article at Watcher.Guru

Read More

Institutional Demand Surges As Ethereum Sets New Inflow Records

Institutional Demand Surges As Ethereum Sets New Inflow Records

Ethereum is once again in the spotlight as institutional capital continues to flood i...
Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High

Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High

The percentage of Bitcoin’s long-term holders’ supply has reached a 15-year high, pro...

BlackRock Buys $643 Million Worth Of Bitcoin: BTC To $100,000?


by Paigambar Mohan Raj
for Watcher.Guru
BlackRock Buys $643 Million Worth Of Bitcoin: BTC To $100,000?

According to the data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF purchased $643.2 million worth of BTC on Apr. 23. The world’s largest asset manager had previously purchased $193.5 million worth of the asset on Apr. 22, and $41.6 million worth on Apr. 21. The firm bought a total of $878.3 million worth of BTC in just three days.

Also Read: How 2 Brothers Hit $9 Million With Shiba Inu: Throwback Thursday

Blackrock Bitcoin ETF puchase
Source: Farside

Bitcoin Surges Amid BlackRock’s Buying Spree

Digital globe with crypto symbols and investors surrounding it
Source: Watcher Guru

BlackRock’s recent purchases may have helped BTC breach the $90,000 mark. The asset has reclaimed the $92,000 price point for the first time since early March. Bitcoin (BTC) has faced a 1.3% correction in the daily charts but is green in the other time frames. The original crypto has rallied 9.5% in the weekly charts, 12.6% in the 14-day charts, 6.7% over the previous month, and 38.5% since April 2024.

BTC price chart
Source: CoinGecko

Also Read: SEC Chair Paul Atkins Priority: Crypto Regulation Or Ripple (XRP) ETFs

Other bullish developments may have also aided BTC’s latest rally. The appointment of Paul Atkins as the new SEC head has led to a rise in investor confidence. Atkins is a supporter of BTC and the crypto industry. Ousted SEC head Gary Gensler was often viewed as a villain by the crypto community.

Will The Asset Reclaim $100,000 Next?

CoinCodex anticipates Bitcoin (BTC) to continue its bullish trajectory over the next few days. The platform predicts BTC to hit a new all-time high of $131,019 on May 3. The asset’s price will rally by 41.74% if it hits the $131,019 target. CoinCodex does not expect BTC’s price to hold above $130,000. The platform anticipates a correction to $102,747 on June 1.

price prediction
Source: CoinCodex

Also Read: AI Predicts PEPE Price For The End of April 2025

There are still a lot of obstacles to the crypto market. Global macroeconomic headwinds may present considerable challenges to Bitcoin’s (BTC) rally. There is a possibility the asset may not rise as predicted by CoinCodex.

Read the article at Watcher.Guru

Read More

Institutional Demand Surges As Ethereum Sets New Inflow Records

Institutional Demand Surges As Ethereum Sets New Inflow Records

Ethereum is once again in the spotlight as institutional capital continues to flood i...
Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High

Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High

The percentage of Bitcoin’s long-term holders’ supply has reached a 15-year high, pro...