In recent hours, significant Bitcoin withdrawals from the world's largest exchanges have sparked interest and concerns in the cryptocurrency market.
Massive Bitcoin Withdrawals from Exchanges
According to Whale Alert, which tracks large cryptocurrency transactions, more than a hundred million dollars' worth of Bitcoin has been withdrawn from Binance and Coinbase over a short period. The two major exchanges saw withdrawals of 1,220 and 1,251 BTC, respectively, to unknown wallets.
Max Keiser's New Bitcoin ATH Prediction
Max Keiser, a leading crypto advisor to El Salvador's President Nayib Bukele, predicts a new Bitcoin ATH this March. Over the past 24 hours, Bitcoin has surged by 4.6%, reaching $87,670. Keiser has been vocal about Bitcoin reaching new highs this month, with the last peak observed in January when Bitcoin surpassed $109,000.
Market Impact and Future Prospects
Keiser also discussed the potential future use of a gold-backed stablecoin by countries such as China, Russia, and Iran to avoid the US dollar. He cited Bitcoin's deflationary yet volatile nature, contrasting with the dollar's decreasing purchasing power.
Significant changes in the Bitcoin market continue to captivate market participants and experts. Global events and predictions from key crypto figures could have a substantial impact on future price movements.
