In current strikes, BlackRock deposited 3,900 $BTC price $275 million and 27,197 $ETH Based on Lookonchain, Coinbase Prime is price $56.68 million.
This has been BlackRock's traditional follow in current weeks, with giant quantities of Bitcoin and $ETH Go to Coinbase. As reported by Lookonchain, on February 3, Blackrock made 1,134 shifts. $BTC price $88.68 million and price $35,358 $ETH $80.65 million price on Coinbase Prime.
BlackRock deposited a further 3,900 $BTC($275 million) and 27,197 $ETH($56.68 million) to Coinbase Prime. https://t.co/qmuDIrPHc6?from=article-links pic.twitter.com/FnMymFmaiy
— Lookonchain (@lookonchain) February 5, 2026
BlackRock's newest transfer into Bitcoin and Ethereum follows a broader market selloff that noticed Bitcoin drop under $70,000.
Bitcoin has fallen since reaching an all-time excessive of greater than $126,000 final October. The most important cryptocurrency is at present down practically 40% from this peak, and different cryptocurrencies (altcoins), together with Ethereum, have fallen even additional.
Based on CryptoQuant, a US exchange-traded fund (ETF) that purchased 46,000 Bitcoin throughout the identical interval final 12 months will probably be a web vendor in 2026.
the market is dealing with a sell-off
Bitcoin fell to $69,030 early Thursday, extending its decline into the third day since February 3. That is the primary time since November 2024 that it has fallen under $70,000. On the time of writing, Bitcoin was down 8.81% previously 24 hours to $69,854.
Bitcoin is down about 21% on a weekly foundation, its worst week since November 11, 2022, when it fell 20.85%. Based on Glassnode: $BTC The capitulation indicator posted its second largest achieve previously two years, highlighting a surge in compelled promoting. This typically coincides with elevated danger aversion and volatility as market individuals reset their positioning.
On February 4, Bitcoin's 7-day SMA entity-adjusted realized losses reached $889 million per day, the best every day realized losses since November 2022.
Elsewhere within the cryptocurrency market, altcoins are dropping cash on a every day and weekly foundation. On the time of writing, $ETH It fell 5.91% previously 24 hours to $2,061. The second-largest cryptocurrency has fallen 23% week-on-week and is on monitor to surpass its losses for the week of November 11, 2022, when it fell 23.91%.
The decline within the cryptocurrency market follows a pointy decline in tech shares. Treasured metals additionally stay unstable, with silver falling on Thursday and gold underneath stress.
