BlackRock Flushes $101M, But BTC Price Swims Near $90K

BlackRock, the issuers of the most successful Bitcoin (BTC) exchange-traded fund (ETF) is carrying on their gradual BTC sales. This time, crypto’s big boys cashed out 1,134 Bitcoins to Binance, also depositing 7,255 Ether (ETH) tokens along the way. With many crypto market watchers suspecting a dump, the markets took a bright turn hours after the multi-million sell-off. 2026 Kicks Off Strong, But Bitcoin’s Still Range-Bound The on-chain sleuths at LookOnChain said the Bitcoin (BTC) sales were worth $101.4 million at stamped transaction time, while Ether’s sales accounted for $22.1 million. Usually, BlackRock’s Bitcoin moves apply short-term sell pressure,

Continue reading on DailyCoin.