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Bhutan Moves $66 Million in Bitcoin to Exchange—Is a Sell-Off Coming?

Coinpedia LogoCoinpedia1d ago

Bhutan Moves $66 Million in Bitcoin to Exchange—Is a Sell-Off Coming? - Coinpedia

Quick Summary:

Many in the crypto world see this move as possible profit-taking, especially since Bitcoin just reached $73,000, its highest since March.

This raises questions: Could Bhutan’s transfer lead to a major sell-off?

Bitdeer, a major mining partner, has been expanding its facilities and plans to grow Bhutan’s mining capacity significantly by 2025.


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Bhutan Moves $66 Million in Bitcoin to Exchange—Is a Sell-Off Coming? - Coinpedia (Picture 1)

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:46:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23339216

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About Coinpedia

Coinpedia Logo

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

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The story "Bhutan Moves $66 Million in Bitcoin to Exchange—Is a Sell-Off Coming?" was covered 1 days ago by Coinpedia, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 18 news stories per day.

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  • URL: https://beamstart.com/news/bhutan-moves-66-million-in-17302961827080

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