🔴 COIN is trading 4.6% down today as Bitcoin drops below $60,000 on BlackRock BTC transfers

COIN is trading 4.6% down today at $144.66 as Bitcoin’s slide below the $60,000 threshold triggers a broad cryptocurrency selloff.

• BlackRock moved approximately $446 million (7,432 BTC) to Coinbase Prime to facilitate redemptions from its iShares Bitcoin Trust (IBIT).
• The large-scale transfer has increased selling pressure on crypto prices and dampened investor sentiment across major digital asset exchanges.