Crypto Blog
In a move that has sent shockwaves through the cryptocurrency market, a staggering 19,197 Bitcoin , equivalent to approximately $652 million, has been withdrawn from Binance, one of the world’s largest cryptocurrency exchanges. Notably, the withdrawal was carried out in two transactions as highlighted by Blockchain.com.
Typically, withdrawals from exchanges are considered a bullish sign as the owner is less likely to sell them. At the same time, it might also have been an internal transaction to Binance’s cold storage.with a 0.6% increase over the past 24 hours and 11.3% over the last week. During this period, the digital currency reached a high of $34,750.11 and a low of $33,930.00.
Given the current positive momentum and indicators, the notion that Bitcoin may not only reach but potentially surpass its previous all-time highs by 2024 is plausible. However, this projection hinges on the cryptocurrency’s ability to navigate market fluctuations and external economic influences adeptly.the emergence of “global wartime inflation” will catalyze a substantial bull run in bitcoin, propelling its price to a staggering $1 million.
Hayes suggests that America’s military budget is poised for a significant increase, potentially due to escalating conflicts like the one between Israel and Hamas in Gaza. This surge in military spending could lead to higher government borrowing.
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