BlackRock and Strategy Boost Bitcoin Holdings as Price Surpasses $95,000

BlackRock and Strategy have significantly influenced the crypto market with recent acquisitions.

Strategy acquired 15,355 Bitcoin for approximately $1.42 billion, raising total holdings to 553,555 BTC valued at $52.5 billion.
Average acquisition price for Strategy's holdings is $68,459 per Bitcoin.
BlackRock’s BTC exchange-traded fund saw an inflow of $970.9 million on April 28, totaling $42.2 billion since its launch in January 2024.
Total net inflow into BTC-based investment products exceeded $39 billion, driven by IBIT fund inflows.
As of now, BlackRock holds 582,614 BTC worth $55.17 billion.

Bitcoin price surpassed $95,500 for the first time since February 24, currently trading around $94,900. The global cryptocurrency market cap rose by 0.25% to $2.97 trillion.

Market sentiment is shifting towards altcoins, yet historical data suggests that such excitement often precedes a market peak. Analysts warn that retail expectations may not align with market behavior.