BlackRock Doubles Down on Bitcoin: $240 Million Purchase Fuels Price Surge to $100K Target

BlackRock, the world’s largest asset manager, has made another significant investment in Bitcoin, purchasing an additional $240 million worth of the cryptocurrency. This strategic move comes as Bitcoin prices have experienced a strong recovery from their recent dip, reaching levels close to $100K. The resurgence of institutional interest and trading activity has fueled this price surge, with many analysts predicting the asset could soon break past its all-time high.