Bhutan moves bitcoin to trading firms and exchanges as BTC drops to nearly $70,000

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Why This Matters

The Royal Government of Bhutan has moved bitcoin to trading firms and exchanges, a move that may indicate a shift in their investment strategy amidst market volatility and a significant drop in BTC price to nearly $70,000.

Market Impact

Market impact analysis based on neutral sentiment with 70% confidence.

Sentiment
Neutral
AI Confidence
70%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Wallet data shows the Royal Government of Bhutan moving bitcoin to trading firms and exchanges for the first time in months, as markets slide and volatility spikes across crypto and metals.

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Original article published by CoinDesk on February 5, 2026.
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