Just In: Bhutan Government Sells $33M BTC Through Binance

Quick Summary:

This move comes amid the recent parabolic rally for the Bitcoin price, which indicates that the government might simply be looking to secure profits.

The Bhutan government moved part of its BTC holdings to the Binance exchange as it sought to offload these coins.

This has led to predictions that the flagship crypto could hit $100,000 by year-end.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: IndiaBhutan

Topics: Bitcoin Bitcoin News 24/7 Cryptocurrency News Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 13:29:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 200 words

Reading Time: 2 minutes read

Sentences: 33 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23585873

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

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News Last Updated: 8 hours ago

Coverage Areas: India

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