2024

Cardano

Bitcoin

April

<div class="finbold">
 <p class="paragraph">Amid growing scrutiny over financial trades by members of Congress, Representative Barry Moore has disclosed a Bitcoin (BTC) purchase made a month before the cryptocurrency‘s halving event, sparking discussions about the timing and insights behind such investments.</p>
 <p class="paragraph">While some lawmakers have faced criticism for poorly timed trades, Moore’s move—positioned just days before a major reduction in Bitcoin’s supply—contrasts sharply with recent trading losses by other officials, showcasing a potentially savvy understanding of cryptocurrency trends.</p>
 <h2 class="wp-block-heading" id="h-barry-moore-s-strategic-bitcoin-purchase">Barry Moore’s strategic Bitcoin purchase</h2>
 <p class="paragraph">Moore disclosed a Bitcoin <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a> made on March 30, 2024, just before the Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event, an occasion known for influencing significant price movements due to the reduced pace of new Bitcoin availability. The <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a>, valued between $1,001 and $15,000, was revealed on April 18 amid volatile market conditions.</p>
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    </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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 <figure class="wp-block-image size-full"><img decoding="async" width="535" height="648" src="https://cdn.thebittimes.com/images/2024/04/20/504cf7462f11a66cc19cc295f26ad4f7.webp" alt class="wp-image-170353" srcset="https://cdn.thebittimes.com/images/2024/04/20/504cf7462f11a66cc19cc295f26ad4f7.webp 535w, https://cdn.thebittimes.com/images/2024/04/20/504cf7462f11a66cc19cc295f26ad4f7.webp 248w" sizes="(max-width: 535px) 100vw, 535px">
  <figcaption class="wp-element-caption">
   Barry Moore Trade Details. Source: <em>Quiver Quantitative</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="analyzing-the-timing-of-moores-investment">Analyzing the timing of Moore’s investment</h2>
 <p class="paragraph">The timing of Moore’s Bitcoin investment is pivotal, positioned right before the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> that many investors watch closely. Historically, such events have led to bullish market behavior. When Moore made his Bitcoin <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a>, the price was hovering around $69,000. By the time of disclosure, Bitcoin showed some fluctuation, settling near $64,562</p>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="375" src="https://cdn.thebittimes.com/images/2024/04/20/fe977ba8e4ec238caa5912a525fd0007.webp" alt class="wp-image-170354" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2024/04/20/fe977ba8e4ec238caa5912a525fd0007.webp 1024w, https://cdn.thebittimes.com/images/2024/04/20/fe977ba8e4ec238caa5912a525fd0007.webp 300w, https://cdn.thebittimes.com/images/2024/04/20/fe977ba8e4ec238caa5912a525fd0007.webp 768w, https://cdn.thebittimes.com/images/2024/04/20/fe977ba8e4ec238caa5912a525fd0007.webp 1446w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   &nbsp;BTC USD-1 month chart. Source: <em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">Further scrutiny of Moore’s trading history reveals that this is nott his first step into cryptocurrencies. In mid-2021, Moore diversified his portfolio with investments in other major cryptocurrencies: Cardano (ADA), Dogecoin (DOGE), and Ethereum (ETH).&nbsp; Each of these purchases was also valued between $1,001 and $15,000.&nbsp;</p>
 <p class="paragraph">By the time of the late disclosures, the prices for ADA, DOGE, and ETH had all declined from their <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a> points, reflecting the high volatility and risk associated with cryptocurrency investments.</p>
 <p class="paragraph">Representative Barry Moore’s&nbsp; latest move—buying Bitcoin before a major market event—suggests a more calculated approach, possibly drawing lessons from past experiences with volatile crypto assets.</p>
 <p class="paragraph">Platforms monitoring congressional trades, such as the bot created by <em>Quiver Quantitative</em>, can significantly influence public and investor perceptions, particularly concerning market fairness and the implications of potential insider information.</p>
 <p class="paragraph"><strong><em>Disclaimer:</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/congressman-discloses-bitcoin-purchase-a-day-before-the-halving-tbt85829.html">https://thebittimes.com/congressman-discloses-bitcoin-purchase-a-day-before-the-halving-tbt85829.html</a></p>

Congressman discloses Bitcoin purchase a day before the halving

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TheBitTimes

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