BlackRock, the world’s largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year. The recent BTC acquisition was spotted by blockchain analytics platform Arkham Intelligence.

Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.

Sen. Cynthia Lummis was voted to lead a new subcommittee on digital assets. BlackRock, MARA execs lobby for crypto.

Arkham reveals BlackRock's IBIT is selling BTC, sparking speculation about its reaction to market pullbacks and questioning Bitcoin's 21M supply.

Fink was sharing the stage with Peng Xiao, the CEO of AI company G42, who interjected with “to some extent” on Fink’s contention that fear drives bitcoin. But Fink just doubled down on the idea that it was “okay” for bitcoin’s fortunes to rely on fear.

As of press time, BTC price witnessed a nearly 3% decrease in value and exchanged hands at $102.890. The coin’s intraday low and high were $102,067.45 and $105,908.98, respectively. It’s noteworthy that the current waning movement aligns with $95.62 million worth of outflows in Bitcoin ETFs as January 22, excluding BlackRock data.

BlackRock's ( NYSE: BLK) iShares Bitcoin Trust ( NASDAQ: IBIT) has more than doubled in value since its debut in Janaury 2024, and is up about 8% this month. BlackRock on Monday launched the ETF on Cboe Canada, expanding access to Canadian investors.

In an episode of the Opening Bid podcast, BlackRock's chief investment and portfolio strategist for the Americas, Gargi Chaudhuri, outlined her predictions for the stock market in 2025.

The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets. What happened: SEC commissioner Hester Peirce,

Bitcoin adoption and usage, and you might wonder why. Bitcoin is slowly but surely becoming a preferred payment system.

BlackRock CEO Larry Fink offered a bold prediction of Bitcoin reaching a remarkable $700,000. Fink points to small allocations by asset managers, alongside Bitcoin’s potential to counter fiat currency debasement,