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#BTC BlackRock purchased $2.5 billion worth of BTC last week. Institutional BTC purchases have been rising daily, and analysts expect Bitcoin to reclaim its $100,000 price value in the near future. The leading encryption asset Bitcoin continues to hover around the mid-$90,000s. Currently, Bitcoin's value is consolidating sideways between $94,000 and $96,000. Despite the slow activity, analysts believe BTC will break $100,000 in the coming weeks. BlackRock also anticipates the same, having purchased $2.5 billion worth of BTC in the past week, taking advantage of the retail market's inactivity. BlackRock's purchase of $2.5 billion worth of BTC has allowed several Bitcoin supporters to express their support by truly becoming BTC advocates during this cycle. In previous cycles, this role was held by Salvadoran President Nayib Bukele.