<ul><li>The Royal Government of Bhutan has transferred 721.46 BTC, worth $63.24M, from their cryptocurrency portfolio.</li><li>Bitcoin price has recovered to $87,940 after a recent downturn, leading to speculation on the impact of the transaction on the market.</li><li>Bhutan owns a total of 10,070 BTC and mines Bitcoin using renewable energy sources.</li><li>The government's move raises concerns in the market, as large-scale Bitcoin transfers can affect liquidity and price movement.</li></ul>

Bhutan Government Moves 720 BTC Amid Market Surge

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