BlackRock’s IBIT Bitcoin ETF Sees Unprecedented 15-Day Inflow Streak as Institutional Demand Soars
BlackRock's iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone with 15 consecutive days of Bitcoin inflows, highlighting a surge in institutional demand. On May 5, the fund added 5,613 BTC worth approximately $530 million, further solidifying its position as a leader in the crypto ETF market. Since its launch, IBIT has attracted over $44 billion in total inflows, demonstrating BlackRock's significant influence in the digital asset space. This sustained interest underscores growing institutional confidence in Bitcoin as a strategic investment, potentially signaling bullish momentum for its future price trajectory.
BlackRock's IBIT Records 15 Straight Days of Bitcoin Inflows Amid Institutional Demand Surge
BlackRock's iShares bitcoin Trust (IBIT) has cemented its dominance in the crypto ETF space with a record 15 consecutive days of inflows. On May 5 alone, the fund acquired 5,613 BTC worth approximately $530 million, underscoring robust institutional appetite for Bitcoin exposure.
The trust's total inflows since launch now exceed $44 billion, reflecting BlackRock's outsized influence on the digital asset market. This accumulation streak comes as Bitcoin maintains its position above $90,000, supported by strong bullish indicators across exchanges.
While most competing ETFs showed flat or negative flows during this period, IBIT's performance signals growing institutional confidence in Bitcoin as a core asset class. The consistent demand highlights a structural shift in how traditional finance engages with cryptocurrency markets.
Bitcoin Faces Potential Drop to $83,444 if Key Support Fails, Analyst Warns
Bitcoin's stability hangs in the balance as it hovers around the mid-$90,000 mark. crypto analyst Ali Martinez warns that a breach of the critical support level at $93,198 could trigger a sharp decline, potentially pushing the price down to $83,444.
Martinez points to a concerning trend: the number of wallets holding at least one BTC has dropped by 3,400 over the past two months. This suggests investors are increasingly taking profits rather than accumulating more, signaling potential bearish sentiment in the market.
Bitcoin Tests Key Resistance Amid New Hampshire Crypto Law Speculation
Bitcoin hovers NEAR $96,968 as traders eye a decisive breakout above the $97,000 resistance level. The 50-hour EMA at $95,385 forms a sturdy support floor following yesterday's rebound from $95,178.
Technical indicators flash cautiously bullish signals—the MACD lingers in positive territory while the 23.6% Fibonacci level at $96,959 presents immediate resistance. Market participants await either confirmation of upward momentum or a retest of support levels.
New Hampshire's progressive crypto legislation fuels speculation about institutional adoption catalysts through 2025. A sustained breach of $97,000 could propel BTC toward the next technical target at $97,717.
Bitcoin Surges $4K in 12 Hours as Crypto Markets Gain $70 Billion
Bitcoin's recent price correction halted abruptly as the cryptocurrency skyrocketed by over $4,000 within less than 12 hours, propelling the broader crypto market to a $70 billion gain. The rally saw BTC climb from $93,500 to $97,000, nearing a two-month high before a minor pullback.
Altcoins followed suit, buoyed by positive developments in the US-China trade war. Market sentiment shifted rapidly as Bitcoin's volatility underscored its sensitivity to macroeconomic cues. The sudden rebound suggests strong accumulation at lower levels, with traders now eyeing the psychological $100,000 threshold.
Bitcoin Defies FOMC Jitters With Safe-Haven Momentum
Bitcoin continues to outperform traditional assets like Gold and equities in the lead-up to the Federal Open Market Committee decision, showcasing its evolving role as a macroeconomic hedge. The cryptocurrency's resilience contrasts with broader market caution as traders await Jerome Powell's policy guidance.
While analysts anticipate short-term volatility, Bitcoin's sustained upward trajectory against the S&P 500 and precious metals suggests structural adoption. Historical rate cycle patterns hint at potential turbulence, but the asset's decoupled performance signals shifting investor paradigms.
Bitcoin Rebounds Above $97K Amid US-China Trade Talk Optimism
Bitcoin surged past $97,000, marking a 2.7% rebound over two days as markets reacted to impending US-China trade negotiations. The weekend talks aim to de-escalate tensions between the economic superpowers, fueling risk appetite across crypto markets.
Volatility looms as traders await the Federal Reserve's interest rate decision. The central bank's policy direction could significantly impact speculative assets like BTC, with price action likely to hinge on macroeconomic cues.
