• Bitcoin Correction Incoming? Bhutan Moves BTC Worth $60M To Binance

    Source: Buzz FX / 30 Oct 2024 00:35:20   America/New_York


    Bhutan transferred millions worth of state-owned Bitcoin (CRYPTO: BTC) to Binance after a four-month hiatus, sparking speculations of profit-taking as the top cryptocurrency surged toward all-time highs.





    What Happened: On Tuesday, on-chain analytics firm Arkham Intelligence disclosed that the Bhutanese government moved a sizable portion of its stash, up to 832.249 BTC, worth $60.16 million at the current market price, to the leading cryptocurrency exchange. The last time such a transaction occurred was in July, marking a four-month gap.





    After the transfer, the associated wallet was still left with 12,467 BTCs, worth $902 million.






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