#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.