Bitcoin Plummets as Early Holders Cash Out
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Early Bitcoin holders, known as original gangsters in crypto circles, sold off significant amounts of Bitcoin following the Federal Reserves hawkish stance on interest rates. Two long-term whales dumped over one thousand six hundred fifty Bitcoin, cashing out over one hundred seventeen million dollars. This sold-off, along with the Feds decision to hold benchmark rates steady, led to a nearly one percent drop in Bitcoins price and a broader market slide of three percent. Market bets have shifted, with an eighty percent chance of only one rate cut expected this year, down from earlier predictions of more easing.
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