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Large Bitcoin Exodus: Analyzing Its Potential Implications Bitcoin (BTC) showed remarkable resilience around $28,300 on Wednesday following a turbulent week in the cryptocurrency market. According to data from Glassnode, on October 16, approximately $250 million worth of Bitcoin was withdrawn from exchanges. After that move followed by an additional $200 million on October 17. Significantly,…
The Bitcoin (BTC) price exhibited a positive reaction after digital asset investment manager Grayscale Investments secured a pivotal victory against the U.S. Securities and Exchange Commission (SEC). Following a reconsideration of the initial proposal by the SEC, an appeals court rejected the decision to halt the conversion of Grayscale’s Bitcoin Trust product into an Exchange-Traded…