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Bitcoin price rebounds above $61,900, boosted by growing institutional adoption and BlackRock's crypto ETFs.

Market News
03 Jul 2026
Finbold
View Source
Bullish
Bitcoin price rebounds above $61,900, boosted by growing institutional adoption and BlackRock's crypto ETFs.

Bitcoin's price rose above $61,900 on July 3, driven by increasing adoption from institutional investors, according to BlackRock's Jay Jacobs. He highlighted the merging of traditional and decentralized finance as a key factor, with many new investors entering via BlackRock's iShares Bitcoin Trust ETF. The upcoming U.S. Clarity Act could further boost institutional interest. While BlackRock's Bitcoin holdings have dipped slightly in 2026 amid market corrections, long-term optimism remains, supported by CEO Larry Fink's prediction of Bitcoin reaching $500,000 to $700,000 if major institutions increase their allocations.

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