BlackRock placed its biggest weekly bet on Bitcoin as the currency trades above the $74,000 support level. The BlackRock Bitcoin Fund (IBIT) attracted approximately $871 million in net inflows last week, topping the list of all crypto funds.
Collectively, US Bitcoin spot funds saw $1.9 billion in net inflows over the same five days, the strongest weekly performance since early February. April 17 was the biggest day, with total fund flows reaching $663.89 million, of which the IBIT fund alone acquired $283.96 million, while Fidelity’s FBTC fund added another $163 million.
Tensions with Iran caused Bitcoin’s price to temporarily drop to $63,000 two months ago, before buy orders on Saturday briefly restored the $78,000 level, with institutional buyers viewing each price drop as an ideal entry point.
Bitcoin Price Forecast: Will Larry Fink’s $500,000 Target Be Reached This Year?
Bitcoin’s technical setup looks constructive after price consolidation phase; The price maintains its stability above $74,000, an increase of 10% in a month, while building bullish momentum from the last high. Key resistance lies at $78,000, and a confirmed close above this level would open the door for a breakout of $80,000.
The liquidity oscillator is showing positive signs in the rate of change, which is consistent with a reversal in the global M2 money supply, which has historically been associated with strong rallies in Bitcoin.
As for price, if fund flows continue above $500 million per week, Bitcoin could surpass the $78,000 level, aiming for $80,000, and perhaps $83,000, supported by M2 liquidity. For his part, Matt Hogan, chief investment officer at Bitwise, raised his 2026 target to over $200,000, citing inflows, the rise of MicroStrategy and Trump’s crypto-friendly executive order that opens the door to Wall Street participation.
Strategy acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and achieved a 9.5% BTC return since the start of 2026. As of 04/19/2026 we held 815,061 BTC. $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin. $MSTR $STRC https://t.co/ifGXjMeIZH
-Michael Saylor (@saylor) April 20, 2026
In a recent interview with Bloomberg, BlackRock CEO Larry Fink reiterated his long-term price target of $500,000 to $700,000, noting that sovereign wealth funds are considering allocating 2% to 5% of their portfolios to Bitcoin to protect against currency depreciation. He described this demand as structural and unaffected by a single Fed meeting or passing geopolitical tensions.
Bitcoin Hyper Project Follows in Bitcoin’s Footsteps with Greater Growth Potential
Although Bitcoin’s spot position currently appears clearly bullish, the asymmetric profit opportunities that early investors enjoyed are no longer available to the same extent. Thus, traders looking for high growth opportunities within the Bitcoin ecosystem are starting to turn their attention to infrastructure projects built on top of the core network.
Project Highlights Bitcoin Hyper ($HYPER) As Bitcoin’s first Layer 2, it integrates the Solana Virtual Machine (SVM), providing ultra-high terminal speed and low-cost smart contract execution, while maintaining Bitcoin’s base layer security.
The immediate idea of the project is to solve the fundamental limitations of Bitcoin (slow transactions, high fees and non-programmability) without abandoning its trust model. The pre-sale managed to collect $32 million At the current price of $0.0136789while offering a 36% wagering option to early entrants.
Features include a decentralized bridge for transferring Bitcoin and executing high-speed transactions that the team says outperforms Solana itself in terms of response time, and the presale has attracted widespread attention in conjunction with the momentum of Bitcoin ETF inflows.
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