BlackRock Goes All-In: $1.3B Bitcoin Binge Sparks BTC Price Surge to Record Highs
Wall Street's trillion-dollar whale just took a massive bite out of Bitcoin—and the market's feeling the shockwaves.
BlackRock's $1.3 billion two-day buying spree sends BTC to uncharted territory as institutional FOMO reaches fever pitch. The question isn't whether traditional finance is late to the party (they always are), but how many zeros they'll add before the music stops.
Meanwhile, crypto OGs smirk while counting their satoshis—another 'risky asset' becomes respectable once suits realize they can't afford to ignore it.
Source: Farside
Bitcoin Breaches $120,000 For The First Time Amid BlackRock’s Big Purchases
Bitcoin (BTC) hit a new all-time high of $122,838 earlier today, July 14, 2025. BTC’s recent upswing is likely due to the consistent inflows into ETF financial vehicles. BlackRock and other global financial institutions seem to be going all in on the budding industry.
BTC’s rise to a new all-time high has triggered a market-wide rally. While BTC is hitting a new peak every few hours, other assets are yet to register new all-time highs. ethereum (ETH) has breached the $3000 mark, but is still down by more than 37% from its all-time high of $4,878.26. BTC seems to be the only asset testing new peaks at the moment.
Will The Rally Continue?
The crypto market has experienced quite a few bullish developments over the last few months. The pro-crypto administration in the US is the single most significant development for the crypto industry over the last few years. The SEC also has a pro-crypto candidate at its helm. The financial watchdog is expected to take a more lenient stance on the crypto industry, compared to outgoing head Gary Gensler.
There is a chance that the crypto market will face a correction over the coming months. Historically, bitcoin (BTC) has faced a correction after a little more than a year from its previous halving. We could expect a price dip later this year.
Another reason we could face a correction is that retail players are yet to awaken. The Federal Reserve’s decision to keep interest rates unchanged may have led retail investors to stay away from risky assets. A rate cut may further boost the current market rally.
