BlackRock Boosts Coinbase Prime with Large BTC Deposit

BlackRock's recent activity in the cryptocurrency market has seen the company depositing large amounts of Bitcoin to Coinbase Prime. On June 8, 2026, BlackRock deposited 3,580 BTC ($226.8M) to Coinbase Prime, a move that is linked to the company's Bitcoin ETF custody flows and IBIT ETF patterns.

The price of Bitcoin is currently locked in a bearish trend beneath the EMA50 at $65344.75, with the MACD golden cross at -615.57 and neutral RSI 50.39 pointing to a possible probe of upper Bollinger resistance at $63872.95 before any pullback.

This move by BlackRock is significant as it highlights the company's ongoing involvement in the cryptocurrency market and its commitment to offering Bitcoin ETFs to its investors. The near-term prediction scenarios for Bitcoin are uncertain, but this development is likely to have a positive impact on the price of the cryptocurrency in the short term.