According to the data from FatherlyBlackrock’s Ibit Bitcoin (BTC) ETF has bought more than $ 1.3 billion in BTC on July 10 and July 11. The major purchases are in line with BTC’s latest rally to a new highest time. The original crypto has hit several peaks in recent days.
Bitcoin breaks $ 120,000 for the first time in the middle of Blackrock’s big purchases
Bitcoin (BTC) hit a new highest time of $ 122,838 earlier today, July 14, 2025. BTC’s latest rise is probably due to the consistent inflow to ETF financial vehicles. Blackrock and other global financial institutions seem to go into the budding industry.
Will the rally continue?
The crypto market has experienced a lot of haus -like developments in recent months. Pro-Crypto administration in the United States is the single most important development for the crypto industry in recent years. SEC also has a pro-crawling candidate at the helm. The economic watchdog is expected to take a more cautious attitude to the crypto industry compared to outgoing manager Gary Gensler.
There is a chance that the crypto market will face a correction in the coming months. Historically, Bitcoin (BTC) has encountered a correction after a little more than a year from its previous halving. We can expect a price dip later this year.
Also read: Bitcoin finally 2025 to $ 145,000