Bitcoin Tests $65,000: Will BlackRock and Citi Fuel the Next Rally?

Bitcoin (BTC) pushed against $65,000 on Tuesday. At the same moment, two Wall Street giants deepened their commitment. BlackRock repeated its call for a 1-2% portfolio allocation, and Citi confirmed its Bitcoin custody service will arrive this year.

The timing is striking. Bitcoin still sits about 50% below its October 2025 peak, yet the firms building institutional access keep expanding.

BlackRock Sticks With Its 1-2% Bitcoin Allocation

BlackRock re-examined Bitcoin in a note published Monday. Digital asset executives Robert Mitchnick and Will Su wrote it after the market's steep slide. Their verdict? The selloff came from forced selling inside crypto markets, not a weaker long-term case.

The refreshed 10-year analysis matched guidance from June. Back then, the firm first told institutions exactly how much Bitcoin to hold.

A 1-2% slice, funded from stocks, would have improved risk-adjusted returns in a classic 60/40 portfolio.