Altcoin News Official TheBitTimes.com

Bitcoin (BTC) experienced a bull run in the last month , up more than 30% since October 15. This created an opportunity for investors, traders, and Bitcoin miners to realize profit by selling their coins. In the meantime, centralized exchange BTC reserves increased by approximately $1.2 billion worth of the leading cryptocurrency. Notably, exchange reserves registered an increase of 34,315 BTC from October 20 to November 14, according to a Glassnode chart shared by Ali Martinez on X. Reserves dropped to around 2.32 million BTC, the lowest in the chart, bouncing up to more than 2.35 million BTC at its highs. Considering Bitcoin’s price in the $36,000 zone by press time, the increase sums up to $1.23 billion worth of a possible market sell-off. Bitcoin: Balance on exchanges (total) [BTC] – All Exchanges. Sources: Glassnode and @ali_charts Bitcoin price analysis amid exchange reserves increase Interestingly, Bitcoin price initially surged a few days before exchange reser...

Within two days, the token’s price plummeted from an all-time high of $0.00067279 to an all-time low of $0.00004827. A moderator of the popular trading sub Reddit r/WallStreetBets has dumped a large portion of the WSB Coin (WSB), a token project that claims to be the official memecoin of Wall Street Bets. On May 2, WSB was launched by people involved in moderating the WallStreetBets Reddit forum. The sub Reddit gained notoriety for the GameStop short squeeze, sending hedge funds to their knees in January 2021. The creators of the WSB token claimed that there would be no allocation for the team and that 10% of the coins would be reserved for the subreddit. The website writes: “It’s the fairest launch memecoin you will find with no team allocation and no presale. Just a free airdrop and some coins for the community. 10% of the $WSB supply is reserved as a treasury for the r/wallstreetbets sub to do with as they please.” However, just days later, one of the token’s team members started ...