BUSINESSCOINTELEGRAPH
Bitcoin price shrugs off $1.3B BlackRock ETF block sale
Bitcoin's price remained stable despite a $1.3 billion block sale by a BlackRock ETF holder. Analysts suggest this indicates large-scale institutional de-risking rather than panic selling.
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Adjacent reporting
- Ripple-linked XRP holds near $1.46 as breakout attempt fades despite $200 million raise
- Bitcoin edges above $77,000, but institutional activity suggests downside hedging
- XRP falls to $1.38 after breaking below $1.40 on rising selling pressure
- $1.3B Worth of BlackRock's IBIT Changes Hands in Dark Pool Sale
- Bitcoin loses grip near $80,000 as ETH, SOL, DOGE fade on profit-taking
- Recent Bitcoin holders sell $770M BTC at a loss amid $65K BTC price calls