BlackRock Cuts Losses, Offloads $292 Million in Bitcoin and Ethereum
WikiBit 2026-02-07 08:01
American asset management firm BlackRock is cutting costs on its Bitcoin and Ethereum holdings by any means possible. According to recent on-chain data,
Analysts like Peter Brandt have called a possible $58,000 bottom, a sign that more dumping is likely in the coming weeks or months.
Arguing against the claims that a quantum threat is behind the BTC price crash, Capriole Fund Founder Charles Edwards has discounted these facts. He noted that the quantum threat is real, but it does not justify the Bitcoin price crash around its current range of $60,000.
For now, no one can accurately predict where the BTC price will bottom out or when the bear market will end.
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