Bitcoin won't drop despite $1.3B BlackRock sale, Mastercard and Block go all-in on crypto — buy the breakout
Bitcoin refused to drop even after a massive $1.3 billion sale by a BlackRock ETF holder. On the same day, Mastercard secured a key crypto license and Block started rolling out stablecoin features to 60 million Cash App users — all signs that big companies are diving deeper into crypto.
Idea
A $1.3 billion BlackRock ETF block sale would normally rattle Bitcoin, but the price barely budged — a sign that buyer demand is overwhelmingly strong right now. On the same day, two major companies made big crypto moves: Mastercard landed a New York crypto license, and Block started pushing stablecoin payments to its 60 million Cash App users. When the world's largest payments companies are building crypto infrastructure and Bitcoin absorbs massive selling without flinching, it points to building upward pressure. A move toward new highs looks increasingly likely.