Bhutan Government Cuts Bitcoin Holdings as Standard Chartered Predicts BTC Price Crash To $50k

The Bhutan Government is cutting its Bitcoin holdings again as the BTC price weakness continues. Today, the Royal Government of Bhutan reduced its Bitcoin stash to 5,600 BTC, valued near $385 million. The move comes as market sentiment worsens, with CoinMarketCap’s Fear & Greed Index falling to 8, even as Bitcoin showed a slight recovery.

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