Bitcoin has recorded a massive $1 billion exchange exodus, with roughly 12,570 BTC leaving trading platforms on a net basis in one of the largest daily outflows this month, fueling speculation about a potential supply shock.
This story was originally published by U.Today.
Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
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Bitcoin treasury company Datavault AI has disclosed that it has been unable to withdraw BTC held by crypto exchange Biconomy since requesting a transfer in June. The revelation saw the company’s…
