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BlackRock deposits $517M in Bitcoin to Coinbase, boosting confidence in BTC price above $68K

Market News
28 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

BlackRock has deposited 7,048 Bitcoin, worth about $517 million, into Coinbase Prime, marking its largest single-day BTC outflow. This move signals strong institutional confidence in Bitcoin and supports market predictions of Bitcoin price rising above $68,000 by May 28. Market participants view this as a positive indicator for Bitcoin's price stability and potential growth. Investors should watch for further large institutional transactions and regulatory developments that could impact Bitcoin's trajectory.

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