Bitcoin circles $61,000 as the U.S. government sends thousands of BTC to Coinbase.
Bitcoin attempts to digest news that the U.S. government has joined Germany in selling off a portion of its BTC holdings.) price returned to $61,000 on June 26 as details emerged of an incoming BTC sale by the United States government.Uncertain BTC price behavior came as news spread of coins from a wallet known to belong to the U.S. establishment were sent to exchange Coinbase.
“- OTC desks can auction off the BTC to clients - open market auction .”Skew subsequently said that the market reaction had been comparatively subdued.The U.S. government wallet still contained more than 213,500 BTC at the time of writing.The timing of the combined sell-off did not escape the attention of market observers, with Travis Kling, head of crypto hedge fund Ikigai, describing it as “interesting.
"My guess is a lot of recent selling over last few weeks was whales frontrunning these selling headlines & explains crypto's relative weakness to stocks," he "I hope I'm not speaking too soon, but if Germany/US/Gox are all selling/telegraphing selling, who's on the other end buying?"A glance at the latest U.S. institutional flows showed June 25 finishing with a modest increase for the spot Bitcoin exchange-traded funds .
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
What Caused the Bitcoin Price Crash and What’s Next as BTC Bounces Above $61KCrypto Blog
Baca lebih lajut »
Over $122M Bitcoin longs liquidated as BTC falls below $61KBitcoin's price drops below $61K, leading to over $122 million in leveraged longs being liquidated. The upcoming Mt. Gox repayment adds pressure, with the RSI indicating oversold conditions.
Baca lebih lajut »
Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to CoinbaseAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Baca lebih lajut »
German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and KrakenThe German government has sold 900 Bitcoin, worth over $54 million, in three transactions. This move could increase selling pressure, potentially pushing Bitcoin's price below the critical $60,000 mark.
Baca lebih lajut »
Michael Saylor Reacts as Bitcoin (BTC) Breaks Above $71,000Vocal Bitcoin proponent Saylor makes BTC prediction as Bitcoin surpasses $71,000 price mark
Baca lebih lajut »
Michael Saylor Celebrates Important Bitcoin Anniversary: DetailsVocal Bitcoin proponent Saylor has published celebratory Bitcoin tweet to recall his personal BTC anniversary
Baca lebih lajut »