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

CoinGape LogoCoinGape1w ago

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

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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Just In: Bhutan Government Sells $33M BTC Through Binance - CoinGape (Picture 1)

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 13:29:03 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 200 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23585873

View Article Analysis

About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours 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

Frequently Asked Questions

How long will it take to read this news story?

The story "Just In: Bhutan Government Sells $33M BTC Through Binance" has 200 words across 32 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Which news outlet covered this story?

The story "Just In: Bhutan Government Sells $33M BTC Through Binance" was covered 1 weeks ago by CoinGape, a news publisher based in India.

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 17 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #23585873
  • URL: https://beamstart.com/news/just-in-bhutan-government-sells-17315914762807

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