Rally

Bitcoin

when

<p>The Royal Government of Bhutan transferred 929 bitcoins (BTC) worth about $66.16 million to the Binance exchange right when bitcoin is closing on its ATH of $73,000. Bhutan currently holds a total of 12,456 BTC, worth about $886.58 million.</p> 
<p>The transfer raises speculation about the government’s intentions, with analysts suggesting it may be preparing to sell shares to bitcoin holders.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="478" height="475" src="https://www.cryptotimes.io/wp-content/uploads/2024/10/lookonchaintwitter.png" alt="lookonchaintwitter" class="wp-image-211311">
  <figcaption class="wp-element-caption">
   Source: <a href="https://x.com/lookonchain/status/1851205455579922752" target="_blank" rel="noreferrer noopener">Twitter</a>
  </figcaption>
 </figure>
</div> 
<p>Bitcoin’s current market value stands at $70,978.86, making the total value of Bhutan’s holding at approximately $888,977,785.63. As the government continues to take on the cryptocurrency’s evolving landscape, this latest statement highlights its significant share of the Bitcoin market.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/10/29/bitcoins-bullish-rally-aims-for-80000-by-2025-end/" target="_blank" rel="noreferrer noopener">Bitcoin’s Bullish Rally Aims for $80,000 by 2025 End</a></p> 
</blockquote>

Royal Government of Bhutan Transfers 929 BTC to Binance

The Crypto Times

Other articles published on Oct 29, 2024

Central Banks Should Consider Bitcoin as Reserve

Will SHIB Recent Price Action Lead to Sustained Gains?

SelfKey Announces Community Vote on Proposed Merger With SingularityDAO and Cogito Finance to For...

Student Coin Announces Comprehensive STC Token Redemption Following Operational Shutdown

Top 3 cryptos to watch for November price surges: Dogwifhat, Pepe Coin and Cutoshi

Tether Reveals Company Asset Reserves Amid Scrutiny

Join our free newsletter for daily crypto updates!