Bitcoin fell below $76,000 amid a 'massive' $1.29 billion block sale of BlackRock's iShares Bitcoin Trust (IBIT) detected by Galaxy Digital's head of research. The sale, executed via a dark pool, coincided with a sharp intraday reversal that erased earlier gains. Meanwhile, ether's repeated failure near $2,400 is seen as a key trigger for the next crypto market breakout, according to LMAX Group strategist Joel Kruger. Crypto equities traded mixed, with Galaxy Digital rising 6% while Gemini and BitGo dropped 9% and 12% respectively. Additionally, 107 bitcoin were sent to a burn address, possibly linked to Mt. Gox. Traditional markets rallied on easing Middle East tensions, but crypto lagged as traders focused on AI stocks and upcoming IPOs.

Key facts

• Bitcoin dropped to $76,000 after a $1.29 billion IBIT block sale via dark pool.
• Ether's failure at $2,400 could trigger next crypto breakout, says LMAX strategist.
• Gemini fell 9% and BitGo dropped 12% amid mixed crypto equity performance.
• 107 BTC sent to burn address, possibly linked to Mt. Gox.
• Tech stocks rallied on easing Middle East tensions, but crypto lagged.

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