Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-turn-eyes-to-bitcoin-amid-u-s-government-action-and-exchange-inflows/" data-wpel-link="internal">Investors Turn Eyes to Bitcoin Amid U.S. Government Action and Exchange Inflows</a><br></p>
<p style="text-align: justify"><strong>&lt;a href="https://en.coin-turk.com/robert-kiyosaki-us-dollar-is-fake-<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">money</a>-bitcoin-is-the-alternative/”&gt;Bitcoin (BTC)</strong> has regained investors’ attention following the excitement surrounding a spot ETF. The recent action by the U.S. government has heightened concerns, leading to speculation about its potential impact on BTC flow and price.</p> 
<h2 id="bitcoin-exchange-inflows">Bitcoin Exchange Inflows</h2> 
<p style="text-align: justify">The U.S. Department of Justice announced its intention to sell a portion of Bitcoin obtained from a case against Ryan Farace and his father Joseph Farace, who face charges including a money laundering conspiracy. Additionally, recent reports have sparked interest in examining the net flow of <strong>Bitcoin</strong> on exchanges. According to CryptoQuant’s data, there has been a noticeable increase in inflows compared to outflows in recent days.</p> 
<p style="text-align: justify">Subsequently, <strong>BTC</strong> assets were directed to exchanges for sale. This dynamic could imply a potential impact on price if supply exceeds demand. While daily inflows are not significantly high, the cumulative figures are substantial. At the time of writing, there was a slight uptick in the BTC trend, indicating a temporary pause.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-307904 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-7.webp" alt="" width="2048" height="1290"></p> 
<h2 id="btc-price-volatility">BTC Price Volatility</h2> 
<p style="text-align: justify">The U.S. announcement coincided with a continuous outflow from Grayscale Bitcoin. Analyzing the daily chart for <strong>Bitcoin</strong> shows attempts at recovery in the last few days. However, this recovery has not yet demonstrated significant strength, and BTC is experiencing volatile movements around the $40,000 price range. At the time of writing, it reflects a slight increase of less than 1%, trading at approximately $40,000.</p> 
<p style="text-align: justify">Moreover, the decline has pushed <strong>Bitcoin’s</strong> Relative Strength Index (RSI) below the neutral line, currently below 40. The short moving average, which initially served as support, has now become a resistance level around $43,000. While the U.S. Department of Justice’s intention to sell Bitcoin creates concern, changes in exchange inflow and outflow data from CryptoQuant reflect the uncertain recovery efforts and fluctuating trajectory of <strong>BTC</strong> around the $40,000 level.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-turn-eyes-to-bitcoin-amid-u-s-government-action-and-exchange-inflows/" data-wpel-link="internal">Investors Turn Eyes to Bitcoin Amid U.S. Government Action and Exchange Inflows</a></h5>

Investors Turn Eyes to Bitcoin Amid U.S. Government Action and Exchange Inflows

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