$BTC
Recently, the cryptocurrency market has entered a turbulent phase, largely influenced by reports of BlackRock offloading portions of its Bitcoin (BTC) holdings. đŠđ„ As one of the worldâs largest asset managers, BlackRockâs actions carry immense weight across global financial markets â and its move to sell BTC has sparked widespread concern among investors. Bitcoin, which had been showing signs of recovery earlier, is now facing renewed selling pressure, dragging down the broader crypto sector. Altcoins have followed suit, with many seeing double-digit declines as traders rush to secure profits or limit losses. This wave of volatility reflects growing uncertainty about institutional sentiment and macroeconomic pressures. Analysts suggest BlackRockâs move could be part of a short-term portfolio rebalancing rather than a complete shift away from crypto, but market psychology has clearly taken a hit. Until institutional confidence returns and Bitcoin stabilizes above key support zones, the crypto market may remain in a choppy, risk-off environment. â ïžđ