BlackRock Buys Additional $351 Million BTC
By: cryptosheadlines|2025/05/03 00:15:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com According to the data from Farside Investors, BlackRock’s Bitcoin (BTC) ETF purchased $351.4 million worth of the asset on May 1. The world’s largest asset manager has bought $3.2 billion worth of BTC since Apr. 22.Also Read: Eric Trump Says Crypto Will Replace SWIFT: 3 Coins That Can Make It HappenSource: Farside InvestorsBitcoin Gains Amid Big BlackRock PurchasesSource: Watcher GuruBlackRock’s recent purchases coincide with BTC’s latest recovery rally. BTC is facing some resistance at the $97,000 mark. The asset briefly breached the $97,000 mark earlier today. The original crypto has since fallen to the $96,000 level.BTC is trading in the green zone across the board today. The asset is up 1% in the daily charts, 3.5% in the weekly charts, 14.8% in the 14-day charts, 14.3% in the monthly charts, and 67.8% since May 2024.Source: CoinGeckoAlso Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s AheadOther bullish developments may have also aided BTC’s latest rally. The SEC’s new pro-BTC head, Paul Atkins, is expected to take a lenient stance on the crypto space. We may be in the early stages of another bullish leg.The Federal Reserve is also expected to drop interest rates soon. A rate cut will likely lead to a market-wide rally as borrowing becomes easier. Bitcoin (BTC) and other crypto assets could see a price spike if the Fed cuts rates.Will The Asset Reclaim $100,000 Soon?BTC could be in the early stages of another big rally. The asset is facing some resistance at the $97,000 mark. Overcoming this barrier may take BTC beyond $100,000.Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 ResistanceCoinCodex presents a very bullish outlook for Bitcoin (BTC). The platform anticipates the asset to hit a new all-time high of $133,784 on May 10. The platform does not expect BTC’s price to hold above $130,000. CoinCodex anticipates a correction to the $102,000 level by June 24.Source: CoinCodexSource link
You may also like
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Q2 2026 CEX Trading Data Review: Who's Slacking Off? Who's Inflating Their OI?
Kraken leads MiCA exchanges as EU crypto rules bite
Is the Frenzied Acquisition of Crypto Companies by Giants Good or Bad?
Wall Street Morning Briefing: US-Iran Ceasefire Agreement Collapses, Oil Rises to $80, Nasdaq Gains While Dow Drops
The 'MEV Moment' in Market Predictions: Betting on Ups and Downs or Creating Them
Can SK Hynix Save the Semiconductor Industry with Sevenfold Oversubscription?
The End of the 'Easy Money' Era for AI Semiconductors: Beware of the 'Ghost Stories' Unfolding
Trump Earns $2.2 Billion Annually, Two-Thirds from Cryptocurrency, Averaging 87 Stock Trades Daily
Before the Sea Temperature Rises, the K-Line Warms Up First—A Comprehensive Projection of the 2026 El Niño in Cryptocurrency
New macOS Malware Aims to Empty Cryptocurrency Wallets
The 'Cooperative' in Stablecoins: Open USD Launches, Circle Welcomes Competition
Binance Founder Bets on Bitcoin at One Million Dollars: "It’s Totally Possible"
XRP Ledger hits 1M AI payments as Ripple-backed t54.ai launches hub
Aptos Network Vulnerability Exposed $70 Billion to $3,000 Attack
What is a flash loan? Borrowing millions with zero collateral, explained
Robinhood vs xStocks: Stock Tokenization Shouldn't Just Focus on Ticker On-Chain
Nexo launches crypto card in Argentina as Latin America push grows
Bank of America: Nvidia's Forward P/E Falls to 7-Year Low, Market Paying for a Non-Existent Risk
Q2 2026 CEX Trading Data Review: Who's Slacking Off? Who's Inflating Their OI?
Kraken leads MiCA exchanges as EU crypto rules bite
Is the Frenzied Acquisition of Crypto Companies by Giants Good or Bad?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




