Blackrock Invests $877 Million in Bitcoin: Signaling Institutional Interest and Potential for New Highs

BlackRock’s recent investment of $877 million in Bitcoin has bolstered the growing institutional presence in the cryptocurrency market. This marks one of their largest crypto investments this year and brings their total holdings to over 639,000 BTC. The move follows a surge in Bitcoin prices exceeding $4,500, driven by DeFi growth and growing interest from institutions like BlackRock.