A 14-trillion asset-management giant has stumbled in the crypto market—before the bear market, even institutions have to bow down, and this 17% drop is enough to keep things interesting.

CoinWorld News reports that Blackstone's cryptocurrency investment portfolio lost $13.83 billion in 2026, a decline of 17.65% since the beginning of the year. Blackstone entered the cryptocurrency market via an ETF in January 2024, managing a total of $14 trillion in assets. Although its early investments helped drive up the prices of Bitcoin and Ethereum, the market is currently in a bear phase, and Blackstone's portfolio has been affected. The price of Bitcoin has fallen by over $17,210 in 2026, currently hovering around $70,000, failing to break through the key level of $85,000.