Galaxy Digital Liquidates $7 Million Worth of Bitcoin, Impacting Market Performance

Crypto investment firm Galaxy Digital has disposed of approximately 1,610 BTC, contributing to a substantial decline in Bitcoin’s price. The sale is being closely observed as it coincides with outflows from the firm’s wallet, signaling possible market pressures. Experts suggest that the move may impact liquidity and broader market dynamics. The current price of Bitcoin hovers around $109,576, following a 13% drop after breaking below key support levels.