Bhutan Timing the Top? Inside the Kingdom’s $6.7M Bitcoin Move
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Bhutan sold $6.7 million in Bitcoin as part of its liquidation strategy over the past three weeks. Analysts are examining the timing of these selloffs amid rising mining costs, which are approximately $79,000 per Bitcoin.
- Bhutan sold $6.7 million worth of Bitcoin as part of its liquidation strategy.
- Analysts consider the timing and pattern of Bhutan’s Bitcoin selloff.
- It costs approximately $79,000 to mine one Bitcoin
According to reports from Arkham Intelligence, the blockchain analytics platform that tracks cryptocurrency transfers, the government of Bhutan has sold another batch of its Bitcoin holdings. The report stated that Bhutan sold $6.7 million worth of Bitcoin in the third batch of a series over the past three weeks.
What is Bhutan’s Actual Motivation to Sell Bitcoin
Although Bhutan claims that the main reason for selling off its Bitcoin reserve is rising mining costs, analysts reviewing the selloff…
Read The Full Article Bhutan Timing the Top? Inside the Kingdom’s $6.7M Bitcoin Move On Coin Edition.
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Bhutan Timing the Top? Inside the Kingdom’s $6.7M Bitcoin Move
Share:
Bhutan sold $6.7 million in Bitcoin as part of its liquidation strategy over the past three weeks. Analysts are examining the timing of these selloffs amid rising mining costs, which are approximately $79,000 per Bitcoin.
- Bhutan sold $6.7 million worth of Bitcoin as part of its liquidation strategy.
- Analysts consider the timing and pattern of Bhutan’s Bitcoin selloff.
- It costs approximately $79,000 to mine one Bitcoin
According to reports from Arkham Intelligence, the blockchain analytics platform that tracks cryptocurrency transfers, the government of Bhutan has sold another batch of its Bitcoin holdings. The report stated that Bhutan sold $6.7 million worth of Bitcoin in the third batch of a series over the past three weeks.
What is Bhutan’s Actual Motivation to Sell Bitcoin
Although Bhutan claims that the main reason for selling off its Bitcoin reserve is rising mining costs, analysts reviewing the selloff…
Read The Full Article Bhutan Timing the Top? Inside the Kingdom’s $6.7M Bitcoin Move On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Bitcoin Soars: Optimism Returns as BTC Breaks the $68,000 Barrier