On Friday, it brought a “Hopium” to the cryptocurrency market on Friday as Bitcoin prices are actively raiding the $84,000 level. Ultimately, BTC actually surpasses its important price range and is currently trading at nearly $85,000.
With none of all optimism escalated, the market has recovered, and even BlackRock appears to have become one of the leading players in the crypto space with the introduction of the IBIT Bitcoin ETF.
BlackRock received $25 million worth of Bitcoin from Coinbase Prime, as recently revealed by Arkham Intelligence, which tracks Financial Mastodon wallets. This fresh injection, which ultimately led to sales from IBIT and other Bitcoin ETFs after days and even weeks of straight outflows, comes as a relief.
BlackRock is buying bitcoin
BlackRock received $25 million in $BTC from Coinbase Prime
They currently own a bitcoin pic.twitter.com/ioe804nlxb of $47.47b
– Arkham (@arkham) March 14, 2025
The only catch is that financial markets tend to grow on Friday, but that’s a key statement only if you don’t have to worry about it next weekend. So this is a clear indicator of the sentiment of cryptophiles, which is primarily bullish, but still cautious.
Bitcoin, tariffs, and fear
Most of the recent horrors have undoubtedly been caused by the so-called “customs war.” However, at this point there doesn’t seem to be much more tariff-related news. Bitcoin tested $80,000 multiple times without dropping.
Meanwhile, even small signs of progress on the trade front can cause painful dips of probably more than $5,000. Still, analysts primarily believe that the setup is leaning towards benefits.
And, honestly, there are many reasons to be optimistic. Saylor’s $21 billion offer is a big deal – if he pulls it off, it could be a game changer. When the market stops fear and starts moving, they tend to move faster, and for now it appears they’re just waiting for a reason.
