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Bhutan Sells $22M BTC: Market Rebounds to $70K Amid Sovereign Shifts!
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Bitcoin stabilizes at $70,430 (CoinMarketCap), up 0.32% in 24h after dipping to $68,291, with $50B volume.
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Recent news: Bhutan transferred $22.4M BTC to QCP Capital (Yahoo Finance), reducing holdings from $1.4B peak to $412M amid mining cost hikes post-2024 halving. Facts: Bhutan's hydro-powered mining since 2019 yielded 500% ROI on $120M investment (Phemex). Analysis: This sell-off reflects strategic liquidation for projects like Gelephu Mindfulness City, but signals caution in volatile markets. Meaning: Nations like Bhutan validate BTC as a sovereign asset, hedging inflation. Value: Dips offer entry points—historically, rebounds follow. Trade wisely on Binance with real-time charts!
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