Bitcoin

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Zero

<ul class="wp-block-list news-points">
 <li>Bitcoin skyrocketed to $65,000 in the past 24 hours and is up 10% in the past week.</li>
 <li>The cryptocurrency has successfully faced the German government BTC sale FUD.</li>
 <li>Bitcoin also rose above the Mt. Gox repayment FUD.</li>
</ul>
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has surpassed $65,000 after a 3.39% price surge, driving the broader crypto market to a $2.31 trillion valuation.
Ki Young Ju, founder and CEO of CryptoQuant, pointed out that Bitcoin has finally overcome market FUD, including the German government selling its BTC holdings and the Mt. Gox repayments.
<a href="https://coinedition.com/german-government-completes-bitcoin-liquidation-wallet-balance-hits-zero/" rel="noopener noreferrer nofollow">Read also: German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero</a>
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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> won all FUD this year. The market absorbed Mt. Gox and German BTC selling with minimal impact, as data predicted. <a href="https://t.co/ljkzujbhGy" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ljkzujbhGy</a>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1839565139520942103?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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Earlier this year, the German government sold its entire Bitcoin stash of 50,179 BTC, worth approximately $3.3 billion at current prices. This sell-off pushed Bitcoin down to the $50,000 level as sellers dominated the market.
Similar concerns arose when Mt. Gox announced its repayment plan.…
The post <a href="https://coinedition.com/bitcoin-defies-headwinds-surpasses-65000-mark/" rel="noopener noreferrer nofollow">Bitcoin Defies Headwinds, Surpasses $65,000 Mark</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Defies Headwinds, Surpasses $65,000 Mark

Coin Edition

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