Ethereum

Litecoin

Kusama

when

Capitol

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 <p class="paragraph">Insider trading has been a longstanding concern in US politics, primarily around stock trading. However, US Representative Shri Thanedar recently revealed a sale of nearly $1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, shedding light on a new dimension to this issue.</p>
 <p class="paragraph">Thanedar sold $500,000 worth of Bitcoin (BTC), $250,000 worth of Ethereum (ETH), and $50,000 worth of Litecoin (LTC). What makes these sales intriguing is the notable price increases these cryptocurrencies experienced over the past month.</p>
 <p class="paragraph"><em>Capitol Trades</em> data reveals that the sales took place on February 5, were reported 18 days later on February 23, and subsequently published on February 26.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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    $1,000 invested in Bitcoin (BTC) at start of 2024 returned <span class="self-center text-xs text-slate-500">52 mins ago</span>
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    Kusama reveals BEEFY upgrade to enable seamless blockchain verification on Ethereum and other EVM networks <span class="self-center text-xs text-slate-500">21 hours ago</span>
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 <figure class="wp-block-image size-full"><img decoding="async" width="987" height="169" src="https://cdn.thebittimes.com/images/2024/02/27/2a9ea415415afb92443b71c21d257c96.webp" alt="Thanedar crypto sales. Source: Capitol Trades" class="wp-image-157347" srcset="https://cdn.thebittimes.com/images/2024/02/27/2a9ea415415afb92443b71c21d257c96.webp 987w, https://cdn.thebittimes.com/images/2024/02/27/2a9ea415415afb92443b71c21d257c96.webp 300w, https://cdn.thebittimes.com/images/2024/02/27/2a9ea415415afb92443b71c21d257c96.webp 768w" sizes="(max-width: 987px) 100vw, 987px">
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   Thanedar <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sales. Source: Capitol Trades
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 <h2 class="wp-block-heading" id="h-how-much-have-btc-eth-and-ltc-gained-since-then">How much have BTC, ETH, and LTC gained since then?</h2>
 <p class="paragraph">Traders are accustomed to US politicians making timely investments and divestments to secure gains and prevent losses. However, this instance stands out because all three digital assets have notably increased in value since Thanedar divested.</p>
 <p class="paragraph">Since February 5, Bitcoin has surged by 32.8%, adding $13,988 to its valuation. Ethereum experienced a 41.35% increase, adding $950 to its price. Additionally, Litecoin saw a 12% increase, boosting its price by $8.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="225" src="https://cdn.thebittimes.com/images/2024/02/27/e7adb039e4071186984d812ded17059e.webp" alt="BTC, ETH, and LTC have increased in value since February 5. Source: Google Finance
" class="wp-image-157348" srcset="https://cdn.thebittimes.com/images/2024/02/27/e7adb039e4071186984d812ded17059e.webp 1024w, https://cdn.thebittimes.com/images/2024/02/27/e7adb039e4071186984d812ded17059e.webp 300w, https://cdn.thebittimes.com/images/2024/02/27/e7adb039e4071186984d812ded17059e.webp 768w, https://cdn.thebittimes.com/images/2024/02/27/e7adb039e4071186984d812ded17059e.webp 1536w, https://cdn.thebittimes.com/images/2024/02/27/e7adb039e4071186984d812ded17059e.webp 2002w" sizes="(max-width: 1024px) 100vw, 1024px">
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   BTC, ETH, and LTC have increased in value since February 5. Source: Google Finance
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 <p class="paragraph">Considering the substantial price increases, if Thanedar had waited 20 more days, his sale would likely yield a profit of over $1 million.</p>
 <p class="paragraph">Unfortunately, the available data doesn’t indicate when Thanedar acquired his digital assets; with this information, Finbold cannot calculate the exact profit or loss he incurred from this sale.</p>
 <p class="paragraph">However, with the current market trend in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>, Representative Thanedar could quickly regret his decision to trade his <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies soon.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><strong><em>:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-us-politician-just-sold-nearly-1-million-worth-of-crypto-tbt80905.html">https://thebittimes.com/this-us-politician-just-sold-nearly-1-million-worth-of-crypto-tbt80905.html</a></p>

This US politician just sold nearly $1 million worth of crypto

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