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In recent developments, a significant player in the cryptocurrency market has sold off $1 billion worth of Bitcoin on the Binance exchange, just days prior to the Bitcoin halving event. This has raised questions about the future direction of the cryptocu

CoinGape LogoCoinGape1w ago

In recent developments, a significant player in the cryptocurrency market has sold off $1 billion worth of Bitcoin on the Binance exchange, just days prior to the Bitcoin halving event. This has raised questions about the future direction of the cryptocu - CoinGape

Quick Summary:

As the Bitcoin price continues to walk through a bumpy road ahead of the much-anticipated BTC Halving event, recent movements in the market have left analysts and investors on edge.

On the other hand, Martinez also pointed out the potential for a bullish reversal, with BTC potentially surging to $66,500 if certain conditions are met.“The first sign of a rebound will be a sustained 4-hour candlestick close above $62,300.

Notably, Binance has previously unveiled its plan for converting all of its $1 billion in User Security Fund assets into USDC.

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In recent developments, a significant player in the cryptocurrency market has sold off $1 billion worth of Bitcoin on the Binance exchange, just days prior to the Bitcoin halving event. This has raised questions about the future direction of the cryptocu - CoinGape (Picture 1) In recent developments, a significant player in the cryptocurrency market has sold off $1 billion worth of Bitcoin on the Binance exchange, just days prior to the Bitcoin halving event. This has raised questions about the future direction of the cryptocu - CoinGape (Picture 2)

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 15:32:11 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20719386

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 66 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 36 minutes ago

Coverage Areas: India

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: #59

Publisher Details

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How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 66 news stories per day.

It's most recent story was published 36 minutes ago.

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  • News ID: #20719386
  • URL: https://beamstart.com/news/bitcoin-price-whale-dumps-1b-17134255316724

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