Bitcoin retreats from six-month high after U.S. moves $2B worth of BTC
Bitcoin retreats from 6-month high after US moves $2 billion worth of BTC
Olemedia/E+ via Getty Images
Bitcoin (BTC-USD) fell below $0.066 million on Tuesday after testing the $0.07 million mark in the previous session as concerns about potential selling pressure increased after the US government moved $2 billion worth of cryptocurrencies.
The most well-known token fell 2.9% to $66.1K at 11:38 a.m. ET erases last week's gains driven by Donald Trump's pro-Bitcoin speech. BTC fell to $65.5K early in the session before quickly paring the slide.
Blockchain research firm Arkham wrote in X Post when news broke that the US had transferred 2 billion dollars of Bitcoin (BTC-USD) to a new digital wallet address, the coin actually began to reverse course.
There is speculation that the token originated from the Silk Road market where cryptocurrencies were used to buy illegal drugs and hacking tools prior to its closure.
Intraday weakness expanded beyond Bitcoin (BTC-USD), with Solana (SOL-USD) falling 2.8%, Binance Coin (BNB-USD) 1.5%, Dogecoin (DOGE-USD) -1.6%, Cardano (ADA-USD) -1.7%, and Avalanche (AVAX-USD) falling -3%. However, there were a few winners, such as Ether (ETH-USD) +0.4%, XRP (XRP-USD) +3.1%, and Celestia (TIA-USD) +2.2%.
Crypto-focused stocks are MicroStrategy (MSTR) -3.8%, Coinbase (COIN) -2.4%, Galaxy Digital (OTCPK: BRPHF) -0.4%, Bakkt (BKKT) -1.8%, Riot Platforms (RIOT) -2%, and Marathon Digital (MARA) -1.8%
Olemedia/E+ via Getty Images
Bitcoin (BTC-USD) fell below $0.066 million on Tuesday after testing the $0.07 million mark in the previous session as concerns about potential selling pressure increased after the US government moved $2 billion worth of cryptocurrencies.
The most well-known token fell 2.9% to $66.1K at 11:38 a.m. ET erases last week's gains driven by Donald Trump's pro-Bitcoin speech. BTC fell to $65.5K early in the session before quickly paring the slide.
Blockchain research firm Arkham wrote in X Post when news broke that the US had transferred 2 billion dollars of Bitcoin (BTC-USD) to a new digital wallet address, the coin actually began to reverse course.
There is speculation that the token originated from the Silk Road market where cryptocurrencies were used to buy illegal drugs and hacking tools prior to its closure.
Intraday weakness expanded beyond Bitcoin (BTC-USD), with Solana (SOL-USD) falling 2.8%, Binance Coin (BNB-USD) 1.5%, Dogecoin (DOGE-USD) -1.6%, Cardano (ADA-USD) -1.7%, and Avalanche (AVAX-USD) falling -3%. However, there were a few winners, such as Ether (ETH-USD) +0.4%, XRP (XRP-USD) +3.1%, and Celestia (TIA-USD) +2.2%.
Crypto-focused stocks are MicroStrategy (MSTR) -3.8%, Coinbase (COIN) -2.4%, Galaxy Digital (OTCPK: BRPHF) -0.4%, Bakkt (BKKT) -1.8%, Riot Platforms (RIOT) -2%, and Marathon Digital (MARA) -1.8%
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米60日40主に暗号系
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