BlackRock, the world’s largest asset manager, has garnered attention with its recent actions amidst the fluctuating Bitcoin market.
BlackRock's $40 Million Bitcoin Purchase
On March 18, 2025, amidst another market price drop, the asset manager acquired $40 million worth of Bitcoin, as reported by the on-chain transactions tracker Arkham. Alongside BlackRock, major players like Fidelity and ARK Invest are also purchasing significant amounts of BTC, taking advantage of the recent price dip.
Current Bitcoin Price Momentum
Despite this positive development, the crypto market remains unchanged. BTC is currently trading near $81,900, experiencing a price drop of over 2% in the past 24 hours. Additionally, there is a decline in investor and trader participation, as the asset’s trading volume has dropped by 8%.
Bitcoin Technical Analysis and Forecasts
With the recent price drop, BTC has lost its crucial support from the inclined trendline it had maintained since March 11, 2025. If the asset continues to trade below the $82,000 mark, there is a possibility of a further 4.5% decline to the $78,000 level. The ongoing market uncertainty has pushed BTC below the 200 Exponential Moving Average (EMA), indicating a downtrend.
Recent actions by major asset managers and current market conditions point to ongoing volatility, suggesting investors decide whether to leverage the current price dip for future opportunities.
