Trump Media Moves $205 Million in Bitcoin to Crypto.com
Share:
Trump Media moved 2,650 BTC (about $205M) to exchange Crypto.com, sparking speculation of a sale that could add selling pressure to the crypto market. The firm’s roughly 11,542 BTC position is now estimated to be about $455M underwater and traders are watching major Bitcoin liquidation zones near $77,000 for potential market impact.
Predictions Markets
See what traders are focused on
- Trump Media moved 2,650 BTC worth $205M to Crypto.com, sparking selloff speculation.
- The company’s Tr Bitcoin position is facing an estimated unrealized loss of roughly $455 million.
- Bitcoin traders are closely watching major liquidation zones near $77K.
Trump Media & Technology Group is once again drawing attention across the crypto market after on-chain trackers spotted another massive Bitcoin transfer tied to the company.
According to blockchain analytics firm Lookonchain, wallets linked to Trump Media moved 2,650 Bitcoin worth roughly $205 million to Crypto.com.
The transaction immediately sparked speculation that the company could be preparing to reduce part of its Bitcoin exposure as the broader crypto market remains under pressure.
A $1.37 Billion Bitcoin Bet Is Now Deep Underwater
Trump Media previously accumulated around 11,542 BTC at an estimat…
Read The Full Article Trump Media Moves $205 Million in Bitcoin to Crypto.com On Coin Edition.
In This News
Coins
$ 64.05K
-3.85%
$ 0.00248
-17.5%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 64.05K
-3.85%$ 0.00248
-17.5%Predictions Markets
See what traders are focused on
Share:
Read More
Bitcoin Breaks $64,000: What’s Driving the Latest Price Surge
