Bitcoin Nears $85K as BlackRock Resumes BTC Acquisitions Amid Market Optimism

Bitcoin surged close to $85,000 on Friday, March 14, fueling optimism across the crypto market. At press time, BTC is trading at $83,195, marking a 0.38% gain in the past 24 hours, according to CoinMarketCap.

A key catalyst behind this rally is BlackRock’s renewed Bitcoin accumulation through its IBIT Bitcoin ETF. After weeks of outflows, the asset management giant received $25 million worth of BTC from Coinbase Prime, as per Arkham Intelligence. This fresh inflow signals renewed institutional confidence, alleviating concerns over ETF withdrawals.

Despite macroeconomic uncertainties, including the ongoing "tariff war," Bitcoin has demonstrated strong resilience, avoiding a dip below $80,000. Analysts suggest that shifting market sentiment could drive further bullish momentum, potentially pushing BTC past its all-time high.

As Bitcoin’s price action continues to capture investor attention, market watchers anticipate heightened volatility and increased institutional engagement, setting the stage for the next phase of the bull cycle.