How $1 billion BTC Investment from Blackrock Could Impact Bitcoin’s $2 Trillion Market Cap Target
The post How $1 billion BTC Investment from Blackrock Could Impact Bitcoin’s $2 Trillion Market Cap Target appeared on BitcoinEthereumNews.com.
Bitcoin price enters a mild 1% on Wednesday April 30, with institutional inflows on the rise, BTC now eyes the $2 trillion market cap milestone. Bitcoin price breaches $95,000 amid $1B inflows into BlackRock’s Bitcoin ETF Bitcoin (BTC) surged to a local high of $95,400 on Tuesday April 29, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic $1 billion in daily net inflows. This marks the largest single-day inflow since the ETF’s January launch and reflects unprecedented demand from institutional investors. Bitcoin price action | Coingecko According to data from Coingecko, BTC’s current market capitalization stands just under $1.9 trillion, with many analysts forecasting a breakout past the $2 trillion mark in Q2 if momentum persists. Bitcoin price action | Coingecko The inflow into IBIT signals growing investor confidence in Bitcoin’s long-term role as a macro hedge and alternative asset. Notably, Geoff Kendrick of Standard Chartered reiterated also his $120,000 BTC forecast by Q2 2025, citing expanding institutional adoption and macroeconomic fragility as key drivers. In the long term, he sees the $140,000 mark as attainable if liquidity conditions improve. BlackRock’s outsized role in institutional onboarding has helped BTC become a core portfolio component across global asset managers. As fund inflows build, market watchers expect more upward pressure on prices heading into the summer. BTC institutional demand coincides with weak labor data The crypto market’s bullish tilt aligns with deteriorating macro indicators that could open the door for a potential Fed rate cut. On April 29, the U.S. Labor Department reported that March job openings fell to 7.2 million—well below the expected 7.5 million. This marks one of the lowest readings since 2021. United States Job Openings (JOLTs) data, April 29 2025 | Source: TradingEconomics Simultaneously, the Conference Board’s consumer confidence index dropped for the fifth straight month, hitting…
Filed under: News - @ April 30, 2025 5:22 am