BlackRock, the world’s largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year. The recent BTC acquisition was spotted by blockchain analytics platform Arkham Intelligence.
Larry Fink says Bitcoin is going all way to $700,000
Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.
Bitcoin lost its bullish momentum because the new United States president, Donald Trump, did not mention crypto in his inauguration speech.
Sen. Cynthia Lummis was voted to lead a new subcommittee on digital assets. BlackRock, MARA execs lobby for crypto.
Arkham reveals BlackRock's IBIT is selling BTC, sparking speculation about its reaction to market pullbacks and questioning Bitcoin's 21M supply.
Fink was sharing the stage with Peng Xiao, the CEO of AI company G42, who interjected with “to some extent” on Fink’s contention that fear drives bitcoin. But Fink just doubled down on the idea that it was “okay” for bitcoin’s fortunes to rely on fear.
BlackRock's ( NYSE: BLK) iShares Bitcoin Trust ( NASDAQ: IBIT) has more than doubled in value since its debut in Janaury 2024, and is up about 8% this month. BlackRock on Monday launched the ETF on Cboe Canada, expanding access to Canadian investors.
In an episode of the Opening Bid podcast, BlackRock's chief investment and portfolio strategist for the Americas, Gargi Chaudhuri, outlined her predictions for the stock market in 2025.
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.
Bitcoin adoption and usage, and you might wonder why. Bitcoin is slowly but surely becoming a preferred payment system.
The cryptocurrency market is going through what Bernstein analysts are calling a “new chaotic era,” all thanks to the unexpected success of President Donald Trump’s meme coin. Within just a few days of its Jan.