Jamie Crawley is a CoinDesk news reporter based in London.
The transaction is possibly part of a plan to repay creditors by Oct. 31. BTC dropped as low as $67,680, a decline of over 1.5% in the last 24 hours, following the transfer having climbed above $70,000 on Monday. Bitcoin subsequently seemed to shrug off the dip to reclaim $68,000 during the European morning. At the time of writing it is just under $68,500, largely unmoved in the last 24 hours. The CoinDesk 20 Index meanwhile is up around 0.3%.
"Heavy selling has been exhausted according to this indicator," Julio Moreno, head of research for CryptoQuant, said in a post on X on Monday.One-Third of U.S. Voters Say They'll Weigh Candidates' Crypto Views Before Voting: Pollin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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