The Royal Government of Bhutan has transferred yet another part of its Bitcoin (BTC) holdings, moving around 319.7 BTC (valued at around $23 million at current prices) to two different crypto addresses. The transactions were carried out this Thursday, onchain data has revealed.
On April 8, after 40 days of unrelenting conflict, the United States and Iran agreed to a two week ceasefire mediated by Pakistan. This was the first real truce put into action since the war began on February 28 and markets worldwide reacted almost instantly.
Bitcoin (BTC) ATM service provider Bitcoin Depot (NASDAQ: BTM) has experienced a serious security breach that has reportedly led to about $3.7 million in funds being stolen from its digital wallets.
Bithumb's error highlights the critical need for robust security measures in crypto exchanges to prevent costly distribution mistakes. Bithumb seeks to recover 7 Bitcoin after massive distribution mistake.
Is Bitcoin's drop in sell pressure a hidden bottom signal or just a pause before another move below $70K?
Bitcoin needs to regain momentum with higher trading volumes for BTC to reclaim $80,000 as support and sustain the recovery.
Bhutan has moved another 319 BTC, taking the total to over 9,000 BTC since late 2024, and trimming its sovereign stash by around 70%.
Coinbase CEO Brian Armstrong commented on the launch of a new Bitcoin ETF by Morgan Stanley (MSBT), emphasizing the significance of this product for the institutional adoption of cryptocurrencies and highlighting the reliability of Coinbase's infrastructure as a custodian, including for MSBT, "regardless of short term price effects."
Iran may require Bitcoin tolls for oil tankers in the Strait of Hormuz, turning BTC into payment infrastructure at a key global energy chokepoint.
Despite a geopolitical "risk-on" boost, crypto markets remain range-bound with BTC hovering at $71,200 while altcoins like MANA and AERO show strength.
Bitcoin dropped to $70,981 Thursday as Iran claimed three ceasefire clauses had been violated, the Strait of Hormuz stayed closed, and Brent crude rebounded sharply toward $97.
Strategy (formerly MicroStrategy) started buying Bitcoin back in 2020, kickstarted by founder and CEO at the time, Michael Saylor. What began as a small buying trend quickly exploded over the years, and now, the company has claimed the title of the public company with the largest Bitcoin holdings in the world.