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>>BlackRock’s three‑day spree buying Bitcoin and Ether ignites a rally before the market eases.

BlackRock’s three‑day spree buying Bitcoin and Ether ignites a rally before the market eases.

crypthub

about 23 hours ago

BlackRock’s Multi‑Day Crypto Accumulation

BlackRock added roughly 9,619 BTC (about $878 million) and 46,851 ETH (about $149 million) over three consecutive days. The on‑chain trail shows transfers from Coinbase Prime wallets into BlackRock’s IBIT Bitcoin ETF and ETHA Ethereum ETF custody addresses. Deposits arrived in batches of about 300 BTC and 10,000 ETH, indicating systematic institutional buying.

Price Impact During the Accumulation

Bitcoin rose from the $87‑88 k range, pushed above $90 k and peaked near $94 k, the week’s highest level. Ether climbed from $2.95‑$3.00 k, broke $3.10 k and reached the $3.25‑$3.30 k zone. Both assets posted gains that coincided closely with BlackRock’s ETF‑related inflows.

Post‑Rally Pullback and Market Context

After the short‑term highs, Bitcoin slipped to about $90.3 k and Ether settled near $3.12 k, trimming earlier gains. The retreat resembles controlled profit‑taking rather than a sharp reversal. Prices remain above the levels seen before the accumulation, showing a net upside from the institutional activity.