4 Key Dates to Watch for Potential Bitcoin Selling Pressure
cryptonews.net
As Bitcoin recently surged past the $30,000 mark, reigniting discussion of a potential new crypto boom, investors should closely monitor four key dates throughout the year, which could exert additional selling pressure on the digital currency.
CryptoQuant, a leading cryptocurrency analytics firm, h
1 Users
0 Comments
1 Highlights
0 Notes
Summary
CryptoQuant has identified four key dates throughout the year that could exert additional selling pressure on Bitcoin, including May 26, Aug. 7, Oct. 19 and Dec. 30, 2023, when the US government might sell its Bitcoin holdings, including those seized from the Silk Road dark web case. The government aims to offload approximately 41,500 more BTC tied to the case in four batches throughout the year. By monitoring these dates, investors might be able to better navigate the cryptocurrency market.
Top Highlights
- As Bitcoin recently surged past the $30,000 mark, reigniting discussion of a potential new crypto boom, investors should closely monitor four key dates throughout the year, which could exert additional selling pressure on the digital currency. CryptoQuant, a leading cryptocurrency analytics firm, has identified these dates — May 26, Aug. 7, Oct. 1...
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.