2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Bitcoin sees substantial outflows totaling $106 million, marking one of its most significant single-day sell-offs since inception.</strong></li>
 <li><strong>Despite recent price peaks in March 2024, Bitcoin has maintained a tight consolidation range between $60,000 and $70,000 for the past three months.</strong></li>
 <li><strong>This period of price stabilization aims to align Bitcoin’s current cycle with historical post-halving patterns, potentially lengthening the overall bull market duration.</strong></li>
</ul>
<p>Bitcoin is facing significant turbulence as investors grapple with recent market developments, including a major sell-off by Fidelity Investments and a prolonged period of price consolidation.</p>
<p>Crypto analyst Thomas reported that Fidelity Investments sold a substantial 1,590 Bitcoins, worth approximately $106 million.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Fidelity sells 1590 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> ($106m)<br><br>Wow. Second largest day of outflows since launch. <a href="https://t.co/vi7F2WJTm3" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/vi7F2WJTm3</a></p>— Thomas | heyapollo.com (@thomas_fahrer) <a href="https://twitter.com/thomas_fahrer/status/1801417613496697111?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 14, 2024</a>
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<p>This transaction marks the second-largest Bitcoin outflow <a href="https://coinedition.com/bracing-for-bitcoins-decline-key-altcoins-to-monitor/" rel="noopener noreferrer nofollow">in history</a>, revealing current investor sentiment in the market. Fidelity’s large sell-off reflects a broader trend of uncertainty and volatility in the Bitcoin market, indica…</p>
<p>The post <a href="https://coinedition.com/fidelitys-bitcoin-sale-adds-to-crypto-market-uncertainty/" rel="noopener noreferrer nofollow">Fidelity’s Bitcoin Sale Adds to Crypto Market Uncertainty</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Fidelity’s Bitcoin Sale Adds to Crypto Market Uncertainty

Coin Edition

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