Bitcoin and Ethereum Prices Take a Dive – What’s Going On?

Now, let’s get down to brass tacks. Bitcoin and Ethereum prices are taking a nosedive, thanks to some hefty selling from the BTC and ETH ETFs. According to some fancy data from Arkham, BlackRock-yes, that giant behemoth of an asset manager-decided to deposit a staggering 2,292 BTC (worth about $200 million) and 9,976 ETH (a mere $29 million) into Coinbase yesterday. Why, you ask? Well, it seems they’re looking to part ways with these shiny coins. This marks the second time this week they’ve sent such riches to Coinbase, presumably to lighten their load. 💰
