Bhutan Hits The Sell Button On Bitcoin ($BTC) – Should Holders Be Concerned?

Recently, the Bitcoin markets were rocked as it emerged that the royal government of Bhutan sold 367 Bitcoin from their holdings, worth over $40 million.

The royal government of Bhutan has recently sold 367 Bitcoin from their holdings, which is valued at over $40 million. This move has sent shockwaves through the Bitcoin markets and comes just a few weeks after Bhutan sold $66 million worth of Bitcoin. In total, the Himalayan nation now has 12,200 Bitcoin under management, which is valued at around $1.1 billion.

Bhutan Hit The Sell Button On Bitcoin – Should Holders Be Concerned?

This recent selling pressure from Bhutan has coincided with a period of consolidation for Bitcoin, which has remained above the $100K mark for several days now. At the time of writing, BTC is up 1% on the daily time frame to reach $101.4K.

Meanwhile, the crypto top 10 has seen some interesting price action, with Avalanche and promising Web3 gaming platform Rollblock continuing their meteoric rises.

Ava is up 2% in the last 24 hours, with a surging price increase of 42% in the past month. This recent price action has pushed Ava to a market cap of over $18.6 billion. Notably, incoming VP J.D. Vance is among the largest holders of Avalanche, which bodes very well for the project heading into next year.

Ava is set to release its Etna mainnet upgrade this week, with validators being prompted to upgrade their nodes to version 1.12. This upgrade is set to improve the user interface for the chain, making it easier for users to interact with Avalanche.

On the other hand, Rollblock has continued to impress with its innovation in the Web3 gaming space. This month, they have made waves with their rollout in the world of sports.

Now, Rollblock gamers will have access to a real-time sports environment, where plays can be made across a multitude of sporting events. This includes golf, MMA, and Formula 1 racing, among others.

This is in addition to the existing Rollblock services, which feature over 7,000 table classics like Monopoly and exclusives such as Zeppelin. All winnings are paid out in the native $RBLK token.

Thanks to its incredible utility and bullish tokenomics, $RBLK is set to become a blue chip of the gaming space this year. While many crypto gaming tokens suffer from dilution through massive inflation, the $RBLK supply will actually dwindle over time.

This is due to a revenue share scheme that will take profits and use them to buy back millions of tokens each week. Of these purchases, 60% are immediately burned, while 40% go to community stakers who can earn some of the highest hassle-free yield in crypto.

Those interested in getting involved with Rollblock can do so via the presale, where stage nine $RBLK tokens are still available for the discount price of $0.041.

Learn more about the exciting opportunities of the Rollblock (RBLK) presale today.

Website: https://presale.rollblock.io/

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