According to Crypto Rover, BlackRock has suggested a 2% allocation of global assets to Bitcoin. With global assets estimated at $900 trillion, a 2% allocation would result in an $18 trillion Bitcoin market cap, which implies a potential price of approximately $900,000 per Bitcoin. Traders should note that this recommendation, if widely adopted, could significantly impact BTC price action and long-term trading strategies, as cited from Crypto Rover’s analysis on Twitter (source: twitter.com/rovercrc/status/1919300280044200275).

According to Crypto Rover, Bitcoin dominance has reached its highest level in four years and two months, signaling a significant shift in market capital allocation towards Bitcoin over altcoins (source: Twitter, Crypto Rover, May 2, 2025). This trend suggests that traders may be rotating capital into Bitcoin as a safer asset during market uncertainty, often preceding sharp moves in Bitcoin price or indicating potential underperformance for altcoins. Investors should closely monitor BTC dominance charts for further breakout confirmation and reassess altcoin exposure as Bitcoin strength persists.