BlackRock's $2.5B Bitcoin Bet Fuels April Rally as BTC Eyes $100K Breakout

In a powerful show of institutional confidence, BlackRock ramped up its Bitcoin exposure in the final week of April 2025, snapping up more than $2.5 billion worth of BTC, according to data from Farside Investors. The lion’s share of that haul—$970.9 million—was acquired on April 28 alone, coinciding with Bitcoin’s surge past the $95,000 threshold.

This aggressive accumulation by the world’s largest asset manager comes as Bitcoin faces one of its most critical resistance levels yet. Market analysts suggest that institutional momentum, rather than retail enthusiasm, is driving this rally. Retail investors appear hesitant, possibly sidelined after Bitcoin’s volatile price swings earlier in the year.

The bullish momentum may also be getting a policy boost. The SEC’s recent leadership shakeup has seen pro-crypto advocate Paul Atkins step in as its new head—an appointment that’s reignited optimism across the digital asset space. Meanwhile, growing speculation about a potential interest rate cut from the Federal Reserve has added further fuel. With inflation cooling, the Fed may be preparing to ease monetary conditions, potentially creating a friendlier macro environment for risk assets like BTC.

Bitcoin’s Next Move: $100K or Consolidation?

Despite the recent surge, Bitcoin is grappling with fierce resistance around the $95,000 mark. It has repeatedly failed to establish a stronghold above this level over the past few weeks. Still, market watchers are optimistic: if Bitcoin manages to decisively clear this hurdle, the path toward $100,000 could open up quickly.

However, not everyone expects a breakout. Some analysts warn that Bitcoin may continue moving sideways unless a new catalyst—such as a Fed rate cut—emerges to reignite momentum. For now, BTC remains rangebound but resilient, holding firm above previous support levels.