Bitcoin briefly climbed to just under $78,000 on Tuesday before retreating below $76,000 following a reported $1.289 billion block sale of BlackRock's IBIT shares. The move occurred as US stock indexes posted gains amid optimism over a potential Middle East agreement announced by President Trump. Bitcoin traded near $76,000 after the reversal.
The cryptocurrency reached its intraday high early in the US session alongside a rally in equities. Momentum faded after the block trade executed through a dark pool at 10:30 am ET, with bitcoin pulling back about 2 percent. Galaxy Digital head of research Alex Thorn identified the transaction on X but did not name the seller.
