BlackRock’s crypto portfolio lost $20 billion in Q1 2026 after Bitcoin fell from $88,341 to $65,982, and the Polymarket contract asking whether Bitcoin will reach $100,000 by December 31, 2026, now trades at
Market reaction
The $16.24 billion loss came from Bitcoin’s price decline alone, even as BlackRock added 14,950 BTC during the quarter. The Bitcoin Above Price Predictions in April market, which asks if Bitcoin will stay above $56,000, could face selling pressure. U.S.-Israeli strikes on Iran have pushed markets toward risk-off positioning, and inflation fears tied to those tensions make a Bitcoin dip toward $60,000 in April more plausible.
