Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Bhutan transfers 533 BTC worth $34.5M to Binance, signaling possible profit-taking amid bearish Bitcoin market.

Market News
18 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

The Royal Government of Bhutan transferred 533 Bitcoin (BTC), valued at $34.5 million, to Binance on June 17. These transfers came from Druk Holding & Investments, Bhutan's state investment arm, reducing Bhutan's Bitcoin holdings to 1,749.96 BTC from a peak of 13,000 BTC in October 2024. While such moves may raise concerns about short-term price pressure, the amount is small relative to daily Bitcoin trading volumes, suggesting limited market impact. However, continued sales could lead investors to question Bhutan's long-term commitment to Bitcoin as a strategic asset amid a soft market and ETF outflows.

More News (BTC)

Nvidia tops finance Reddit in 2026, surpassing Bitcoin as retail investors focus on AI stocks.

Nvidia tops finance Reddit in 2026, surpassing Bitcoin as retail investors focus on AI stocks.

In 2026, Nvidia has become the most-discussed asset on finance-focused Reddit communities, overtaking Bitcoin, which now ranks seventh. This shift reflects growing retail investor interest in AI technology and Nvidia's role in AI infrastructure, cont...

Market News
Neutral
4 hours ago
Bitcoin drops below $64K after Fed's hawkish stance reverses recent gains.

Bitcoin drops below $64K after Fed's hawkish stance reverses recent gains.

Bitcoin fell about 4% from a recent high near $66,315 to test support around $64,000 following the Federal Reserve's hawkish policy outlook, which signaled fewer rate cuts and potential future tightening. Despite easing Middle East tensions and lower...

Market News
Bearish
4 hours ago
Bitcoin falls 3% after Fed keeps rates steady but signals fewer cuts ahead

Bitcoin falls 3% after Fed keeps rates steady but signals fewer cuts ahead

Bitcoin and other major cryptocurrencies dropped over 3% following the Federal Reserve's decision to hold interest rates at 3.5%–3.75% while raising inflation forecasts and indicating fewer rate cuts in the future. Despite President Trump's interim p...

Market News
Bearish
5 hours ago
Bitcoin falls below $64K as Fed signals no rate cuts in 2026, gold rebounds as safe haven.

Bitcoin falls below $64K as Fed signals no rate cuts in 2026, gold rebounds as safe haven.

Bitcoin dropped below $64,000 following the Federal Reserve's updated dot plot indicating zero or one interest rate cut for 2026, ending weeks of cautious optimism in crypto markets. CryptoQuant reported the largest weekly decline in Bitcoin demand s...

Market News
Bearish
7 hours ago
London BTC expands US gold holdings with high-grade Teep Gold-Silver Project in Nevada.

London BTC expands US gold holdings with high-grade Teep Gold-Silver Project in Nevada.

London BTC Company has added the Teep Gold-Silver Project in Nevada to its US gold hedge strategy after rock-chip sampling showed high-grade gold and silver, including samples with up to 36.90 g/t gold and 1,332.5 g/t silver. The project covers 2,190...

Protocol Fundamentals
Bullish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App