In recent days, Bitcoin has attracted attention after its price dropped to $108,215 amid significant asset movements.
Changes in Bitcoin Price
Bitcoin is trading at $108,215, which is 0.7% lower than previous day figures. After Satoshi-era whales moved assets worth over $8.6 billion, the price fell below the $109,000 mark. Despite strong ETF inflows, Bitcoin continues to face resistance at the $110,000 level.
Market Impact Following Trump's New Law
The newly signed law known as the 'Big Beautiful Bill' allows various governmental agencies to develop digital wallet systems and compliance programming, which could significantly impact the market.
Speculations on Satoshi-Era Transfers
The transfer of 80,000 bitcoins that remained dormant for 14.3 years has sparked rumors of a possible hack. Reports suggest that at the same time as the bitcoin movements, a test BCH transaction was made from one of the wallets, indicating a potential key compromise.
The cryptocurrency market remains under pressure, primarily due to large asset movements and new economic initiatives. Future price movements remain uncertain.
