Bitcoin tested the $65,000 level on Tuesday as two Wall Street giants deepened their commitment to the cryptocurrency. BlackRock renewed its recommendation to allocate 1 to 2 percent of a portfolio to bitcoin, arguing that the massive selloff came from crypto market dynamics rather than weakening long-term prospects. Citi announced the launch of Custody+, a bitcoin custody platform scheduled for this year, backed by an annual budget exceeding $2 billion dedicated to its platform strategy. Bitcoin trades around $64,708, roughly 50 percent below its October 2025 peak, yet both institutions continue expanding institutional access.
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