Bhutan has transferred 400 Bitcoin, worth about $30.62 million, to an unlabeled address, reducing its tracked sovereign Bitcoin holdings to 518 BTC from a peak of 13,000 BTC in October 2024. Most transfers are linked to the sovereign wealth fund, Druk Holding and Investments, which has been moving Bitcoin to exchanges and trading desks throughout 2026. The unlabeled transfer raises speculation about Bhutan's crypto strategy, especially as mining inflows have slowed and a large BTC pledge was made for a development project. These large outflows could impact Bitcoin market supply and signal potential sell pressure from a sovereign holder.
Bitcoin rose 1% to just above $86,000 following a weaker-than-expected US jobs report, which showed only 29,000 jobs added in September versus the anticipated 84,000. The report also revealed a rise in unemployment to 4.2% and slower wage growth, sug...
Bitcoin is approaching a crucial resistance level at $87,200, which has repeatedly blocked its advance in recent weeks. This level aligns with previous local highs and is seen as a make-or-break point for a potential breakout or further consolidation...
The cryptocurrency market rebounded from a $50 billion drop driven by macroeconomic factors, finishing the week nearly flat with a market cap close to $3 trillion. Bitcoin gained about 1%, closing at $85,500, while Ether rose slightly by 0.4% to $2,7...
Binance's emergency insurance fund, SAFU, now holds over $1.27 billion in Bitcoin, including about $270 million in unrealized profit. In February 2026, Binance converted roughly $1 billion in stablecoins into 15,000 BTC at around $67,000 each. The fu...
BNB is trading just below $800, a key resistance level, with traders closely watching ahead of the 37th quarterly token burn expected around mid-October. The recent Pasteur hard fork upgrade has reached 98% adoption, boosting network capacity and pot...
