After months of correction, the crypto market is showing the first signs of recovery. The Bitcoin price rose by over 5% this week and once again tested the $85,000 mark. It is particularly encouraging that these gains were maintained over the weekend. In this positive environment, the world’s largest asset manager, BlackRock, is now attracting attention with a new Bitcoin purchase, which many market observers interpret as a bullish signal.
BlackRock’s strategic Bitcoin acquisition signals institutional confidence
The financial giant BlackRock has acquired an additional 300 Bitcoin and now holds holdings worth $47.9 billion. These transactions are publicly visible thanks to blockchain technology and are closely followed by investors worldwide. Although these purchases primarily serve to hedge the Spot Bitcoin ETF issued by BlackRock, they nevertheless send a strong signal to the market.
This purchase is particularly significant in light of recent developments. After weeks of significant capital outflows from Bitcoin ETFs, the new investments indicate a potential trend reversal. Since institutional investors are the primary target group for these ETFs, this suggests that professional investors view the current price level as an attractive entry point and expect a bottom to form soon.
Prospects of a new Bitcoin all-time high are getting closer
Despite the turbulent past few months, a new Bitcoin all-time high is within reach. An increase of just 30% would be enough to exceed the psychologically important $110,000 mark. Market volatility shows that individual positive news can drive the price up by 10% within a single day.
Experts also point out that Bitcoin experienced similar price declines to the stocks of leading companies during the uncertainty surrounding the announced trade tariffs. This underscores the growing correlation with traditional markets, but also suggests a similar recovery momentum once geopolitical tensions subside. Given the Trump administration’s long-term bullish stance on financial markets and the need to protect the savings of millions of Americans, a new Bitcoin all-time high in April seems quite realistic.
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