Basri Caneri 
BlackRock, one of the world’s largest asset management firms, halted Bitcoin (BTC) sales as of March 5, 2025. According to a post by crypto analyst Crypto Rover, there were no outflows from the company’s Bitcoin funds on that day.
This development marks a critical period in which BlackRock’s influence on Bitcoin is being reassessed. The company was previously known to be actively selling Bitcoin, putting downward pressure on the market. However, with the sell-off halted, the Bitcoin price moved upwards in a short period of time.
Bitcoin Price and Market Reaction
After news spread that BlackRock had halted sales, the price of Bitcoin surpassed $92,000. This represents a 2% increase compared to the previous day’s closing price of $90,500.
- However, Bitcoin trading volume fell by 10%.
- Bitcoin’s market capitalization stands at 60.4%.
These indicators suggest that investors welcomed BlackRock’s halt in trading and the market is moving in a buying direction.
The Beginning of a Rise for Bitcoin?
BlackRock’s halt in Bitcoin sales could signal a significant psychological and strategic shift in the market. Institutional investors may interpret this move as the beginning of a Bitcoin accumulation process, which could push BTC price upwards.
Technical indicators, increased trading volume and rising investor interest are strong signals pointing to a bull market for Bitcoin. If this trend continues, Bitcoin is likely to reach higher levels in the coming days.
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