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BlackRock CEO predicts Bitcoin could reach $700K if institutions allocate a small portfolio share.

Market News
07 Aug 2026
Crypto Briefing
View Source
Bullish
BlackRock CEO predicts Bitcoin could reach $700K if institutions allocate a small portfolio share.

Larry Fink, CEO of BlackRock, suggests Bitcoin could hit $700,000 per coin if sovereign wealth funds and institutions allocate 2-5% of their portfolios to it. This projection is based on the large capital these entities manage and Bitcoin's fixed supply of 21 million coins. BlackRock has already invested heavily through its iShares Bitcoin Trust, holding over 771,000 BTC. However, this price surge depends on broader institutional adoption, which faces challenges like regulatory uncertainty and market volatility.

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Major crypto token unlocks this week may boost supply and cause price swings.

Major crypto token unlocks this week may boost supply and cause price swings.

Several significant crypto token unlocks are scheduled for the third week of September 2026, including LayerZero (ZRO), Connex (CONX), and Bedrock (BR). These unlocks will increase the circulating supply, potentially causing short-term price volatili...

Protocol Fundamentals
Neutral
4 hours ago
XRP holds steady near $1.36 ahead of key Senate vote on crypto law and Fed rate decision this week.

XRP holds steady near $1.36 ahead of key Senate vote on crypto law and Fed rate decision this week.

XRP traded around $1.36 as investors awaited two major events: a Senate cloture vote on the CLARITY Act scheduled for September 15, requiring 60 votes to proceed, and the Federal Reserve's rate announcement on September 15-16, with a high chance of a...

Market News
Neutral
4 hours ago
Ethereum seen as future settlement layer for Wall Street and AI, driving its market resilience.

Ethereum seen as future settlement layer for Wall Street and AI, driving its market resilience.

Tom Lee, chairman of BitMine Immersion Technologies, believes Ethereum will become the key settlement infrastructure for Wall Street and artificial intelligence, explaining its recent strong performance amid a broader crypto market downturn. He highl...

Market News
Bullish
4 hours ago
Ethereum eyes $3,000 after strong ETF inflows and a key technical breakout above $2,400.

Ethereum eyes $3,000 after strong ETF inflows and a key technical breakout above $2,400.

Ethereum is showing signs of a potential rally to $3,000 after breaking above the critical $2,300–$2,400 resistance level, now acting as support. Technical analyst Ali Charts identified a triangle pattern on the 12-hour chart that previously led to a...

Technical Signals
Bullish
4 hours ago
FDA delays review of Exelixis' zanzalintinib by 3 months, no new safety issues found

FDA delays review of Exelixis' zanzalintinib by 3 months, no new safety issues found

The FDA extended its review of Exelixis' cancer drug zanzalintinib by three months without revealing any new clinical failures or safety concerns. This delay reduces the drug's present value by about 2.35%, which is less than the initial market loss....

Analyst Insights
Bullish
4 hours ago
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