menu
techminis

A naukri.com initiative

google-web-stories
source image

Newsbtc

2d

read

316

img
dot

Image Credit: Newsbtc

Bitcoin Nears All-Time High as $312M BTC Exit Binance Following US-China Trade Deal

  • Bitcoin has seen a 10.4% weekly price increase, trading at $103,881 and surging over 24% in the last month.
  • Recent data shows a significant Bitcoin outflow of over 3,000 BTC ($312 million) from Binance, indicating accumulation behavior and reduced near-term selling pressure.
  • The outflow coincided with a US-China trade deal, causing positive movements in both US equity markets and the crypto space.
  • Market participants are adjusting strategies in response to macroeconomic trends, with Bitcoin holders and institutions showing increased confidence in the cryptocurrency's long-term potential.

Read Full Article

like

18 Likes

For uninterrupted reading, download the app