BlackRock (BLK) Buys the Dip, Investing $40000000 Worth of Bitcoin (BTC)

Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased $40 million worth of Bitcoin (BTC)

As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, attention has turned to the world’s largest asset manager, BlackRock (NYSE:BLK).

The asset manager has been a hot topic in the crypto sphere, especially after it applied for a spot Bitcoin ETF earlier this year.

Now, amidst another market price drop, the asset manager has seized the opportunity and purchased $40 million worth of Bitcoin (BTC), according to the on-chain transactions tracker Arkham on X (formerly Twitter).

This significant purchase by BlackRock is giving investors and long-term holders hope and further hinting that this could be an ideal buying opportunity or the best time to accumulate BTC, as the asset’s price has dropped significantly in recent days.

Arkham’s post also noted that BlackRock is not the only one capitalizing on the recent price drop. Fidelity and ARK Invest are also purchasing significant amounts of BTC.

However, despite this positive development in the crypto landscape, the market remains unchanged. BTC is currently trading near $81,900 and has experienced a price drop of over 2% in the past 24 hours.

During the same period, there has been a decline in investor and trader participation, as the asset’s trading volume has dropped by 8%.

This price decrease has pushed BTC below the crucial support from the inclined trendline, which it had maintained since March 11.

If BTC continues to trade below the $82,000 mark, there is a strong possibility it could drop by another 4.5%, reaching the $78,000 level in the near future.

Furthermore, BTC is now trading below the 200 Exponential Moving Average (EMA), which is a key indicator of an asset’s downtrend.

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