BlackRock Transfers Massive Crypto Holdings to Coinbase: Market Speculation Rages

Global asset manager, BlackRock, recently moved a significant amount of cryptocurrency—18,168 ETH (worth $43.6 million) and 1,800 BTC (worth $159.5 million)—to Coinbase Prime. This transfer has ignited speculation within the crypto community about potential future price movements. 18,168 ETH is roughly equivalent to $43.6 million USD while 1,800 BTC is approximately worth $159.5 million USD. The move suggests a possible large-scale sell-off in the cryptocurrency market.