The US government moved approximately 10,000 Bitcoins, worth around $1.92 billion at current market prices, to two separate wallets on Coinbase Prime.
Possibly signals intention to sell from the current government, but with Trump's upcoming presidency, the Bitcoins might go to into a "strategic Bitcoin reserve" instead.
The transactions involve BTC from funds seized in the Silk Road Dark Web fraud.
The US government currently holds 183,422 BTC, valued at over $17.6 billion. This accounts for roughly 0.93% of the total Bitcoin supply.
South Korean President Yoon Suk Yeol declared martial law, causing Bitcoin prices on local exchanges like Upbit to plunge by 30%, briefly going down to $65,000 before recovering.
US Bitcoin, Ether ETFs log record inflows in late November, with ETH ETF inflows surpassing Bitcoin ETF inflows by $12.9 million on November 29, marking the highest record of inflow for ETH ETF at $332.9 million.
Increased stablecoin liquidity, with record-high stablecoin balances on centralized exchanges, typically positively correlated with higher Bitcoin and altcoin prices.
Stablecoin Total Market Cap ($)source: CryptoQuant
MicroStrategy acquires 15,400 BTC for $1.5 billion, now holding 402,100 BTC, which is just under 2% of the total BTC supply.
A growing list of firms are showing strong confidence in Bitcoin’s value by adding it to their assets, like the gaming company Boyaa International and tech solutions company Semler Scientific.
On December 10, Microsoft will hold a vote to decide whether to include Bitcoin in its balance sheet strategy, with low chances of success for now.
On-chain analytics firm Santiment reported that in the last 3 weeks, wallets with 1-10 million XRP have accumulated over 600 million tokens in total, currently worth $1.66 billion. XRP large wallet holders activity is now at an all-time high, with mostly large transfers to Coinbase in the past 30 days.
Prices may be volatile due to increased retail engagement.