Bhutan Moves $72 Million in Bitcoin as Government Crypto Outflows Continue
Bhutan transferred over $72 million in Bitcoin this week, bringing the country’s total crypto outflows in 2026 to more than $110 million.
Michael Turner covers cryptocurrency market structure, institutional capital flows, and macroeconomic forces shaping digital assets. His reporting focuses on how liquidity cycles, ETF developments, and global financial conditions influence Bitcoin and major altcoins. He frequently analyzes derivatives activity, market sentiment, and capital rotation across the broader crypto ecosystem. Based in London, Michael closely follows the intersection of traditional financial markets and digital assets.
Bhutan transferred over $72 million in Bitcoin this week, bringing the country’s total crypto outflows in 2026 to more than $110 million.
Citigroup lowered its 12-month price targets for Bitcoin and Ether, citing weaker network activity and delays in US crypto legislation despite continued ETF inflows.
Asset manager T. Rowe Price updated its SEC filing for an actively managed crypto ETF, naming Anchorage Digital Bank as custodian and adding Sui to its list of eligible digital assets.
Rising energy demand from artificial intelligence data centers is accelerating interest in nuclear power. Bitcoin miners were early adopters of nuclear energy for high-performance computing infrastructure.
BlackRock has introduced a Nasdaq-listed staked Ethereum ETF that combines spot ETH exposure with staking rewards. The product expands the firm’s digital asset investment lineup.
A Bloomberg strategist renewed his warning that Bitcoin could fall below $10,000, citing macroeconomic pressures. Other analysts argue that such a decline would require an extreme…
Strive Asset Management has deployed $50 million of its treasury into Strategy’s STRC preferred stock, reflecting growing corporate interest in Bitcoin-linked yield instruments.
Wells Fargo has filed a trademark application for WFUSD, covering crypto trading, payments, staking, and blockchain-based financial services. The move aligns with growing bank interest in digital assets.
BitMEX co-founder Arthur Hayes said he would not invest in Bitcoin at current levels, arguing he will wait for US monetary easing before re-entering the market.
Nasdaq is linking its European trading venues to Börse Stuttgart’s tokenized settlement platform Seturion to support blockchain-based settlement of securities.