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BSC Tejaswini
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#CryptoRoundTableRemarks Background Information: Bitcoin (BTC) has recently stabilized above 100 thousand USD, trading at approximately 105,049.81 USD. Recently, a large transfer of about 8,000 bitcoins (valued at over 841 million USD) has attracted market attention; these bitcoins had been inactive for the past five years. Main Event: This bitcoin was transferred out from Coinbase Custody, with market speculation suggesting it might be high-net-worth institutions preparing for the upcoming spot Bitcoin ETF or engaging in strategic accumulation. This move could cause short-term price fluctuations, with the specific impact depending on the market's interpretation of the transfer's purpose. The market speculates that BlackRock, Strategy (formerly MicroStrategy), or other large financial institutions might be involved. Geopolitical Impact: Israel's strike on Iran triggered a global decline in market risk appetite, causing Bitcoin's price to briefly drop to 102,000 USD, while gold prices rose above 3,400 USD. Market reactions indicate that macroeconomic events have a significant effect on Bitcoin's short-term trends. SoSoValue Mention: This article contains information related to SoSoValue.
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#XRPETF Boom boom boom boom boom boom
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