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Ethereum Ethereum (ETH) $3,635.60 ↓ -0.05%
XRP XRP (XRP) $2.95 ↓ -3.00%
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BNB BNB (BNB) $761.14 ↑ 0.35%
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Cardano Cardano (ADA) $0.73 ↓ -1.68%
Hyperliquid Hyperliquid (HYPE) $37.66 ↓ -2.05%
Stellar Stellar (XLM) $0.39 ↓ -2.40%
Sui Sui (SUI) $3.43 ↓ -1.18%
Bitcoin Cash Bitcoin Cash (BCH) $560.94 ↑ 0.20%
Chainlink Chainlink (LINK) $16.46 ↓ -0.91%
Hedera Hedera (HBAR) $0.25 ↑ 1.28%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.02%
Avalanche Avalanche (AVAX) $22.14 ↓ -1.25%
Litecoin Litecoin (LTC) $117.64 ↓ -6.09%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↑ 0.04%
Toncoin Toncoin (TON) $3.20 ↓ -2.67%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.06%
Uniswap Uniswap (UNI) $9.58 ↓ -1.82%
Polkadot Polkadot (DOT) $3.63 ↓ -0.18%
Monero Monero (XMR) $293.63 ↓ -2.51%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.36 ↑ 0.56%
Cronos Cronos (CRO) $0.14 ↓ -0.28%
Pepe Pepe (PEPE) $0.00 ↓ -1.39%
Aave Aave (AAVE) $257.71 ↓ -0.43%
Ethena Ethena (ENA) $0.58 ↓ -0.53%
Bittensor Bittensor (TAO) $342.86 ↓ -0.43%
NEAR Protocol NEAR Protocol (NEAR) $2.48 ↑ 0.41%
Ethereum Classic Ethereum Classic (ETC) $20.11 ↓ -1.35%
Mantle Mantle (MNT) $0.89 ↑ 1.78%
Ondo Ondo (ONDO) $0.92 ↓ -0.47%
Aptos Aptos (APT) $4.26 ↑ 0.34%
Internet Computer Internet Computer (ICP) $5.08 ↓ -2.04%
OKB OKB (OKB) $44.73 ↓ -2.66%
Pi Pi (PI) $0.34 ↓ -3.36%
Kaspa Kaspa (KAS) $0.09 ↓ -0.92%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.22 ↑ 2.46%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -3.86%
Algorand Algorand (ALGO) $0.24 ↓ -0.76%
GateToken GateToken (GT) $16.49 ↓ -2.12%
VeChain VeChain (VET) $0.02 ↑ 0.69%
Arbitrum Arbitrum (ARB) $0.39 ↓ -1.28%
Cosmos Cosmos (ATOM) $4.22 ↑ 0.14%
Bonk Bonk (BONK) $0.00 ↓ -5.87%
Render Render (RENDER) $3.54 ↓ -1.46%
Story Story (IP) $5.96 ↓ -2.67%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $8.75 ↓ -1.21%
Worldcoin Worldcoin (WLD) $0.95 ↓ -1.53%
Sei Sei (SEI) $0.29 ↓ -2.64%
Sky Sky (SKY) $0.08 ↓ -2.17%
Flare Flare (FLR) $0.02 ↓ -3.90%
Filecoin Filecoin (FIL) $2.34 ↓ -1.13%
SPX6900 SPX6900 (SPX) $1.68 ↑ 0.60%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.65 ↓ -0.53%
XDC Network XDC Network (XDC) $0.09 ↑ 0.02%
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Jupiter Jupiter (JUP) $0.46 ↓ -1.72%
KuCoin Token KuCoin Token (KCS) $10.49 ↓ -0.82%
Quant Quant (QNT) $108.50 ↓ -0.61%
Injective Injective (INJ) $13.02 ↓ -2.29%
Curve DAO Token Curve DAO Token (CRV) $0.90 ↓ -2.68%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 9.79%
Stacks Stacks (STX) $0.69 ↓ -2.65%
Celestia Celestia (TIA) $1.65 ↓ -1.30%
Optimism Optimism (OP) $0.67 ↓ -1.97%
Conflux Conflux (CFX) $0.20 ↓ -4.61%
FLOKI FLOKI (FLOKI) $0.00 ↓ -2.30%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ 0.00%
PAX Gold PAX Gold (PAXG) $3,368.84 ↑ 0.09%
Fartcoin Fartcoin (FARTCOIN) $0.95 ↓ -3.35%
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Immutable Immutable (IMX) $0.50 ↓ -0.69%
The Graph The Graph (GRT) $0.09 ↓ -0.25%
PancakeSwap PancakeSwap (CAKE) $2.58 ↓ -1.21%
dogwifhat dogwifhat (WIF) $0.88 ↓ -0.90%
Kaia Kaia (KAIA) $0.14 ↓ -1.58%
MemeCore MemeCore (M) $0.53 ↑ 1.24%
Nexo Nexo (NEXO) $1.29 ↓ -1.37%
Tether Gold Tether Gold (XAUt) $3,363.07 ↑ 0.01%
Lido DAO Lido DAO (LDO) $0.92 ↓ -0.30%
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Tezos Tezos (XTZ) $0.76 ↓ -1.05%
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Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.20 ↓ -1.02%
Theta Network Theta Network (THETA) $0.76 ↓ -0.06%
IOTA IOTA (IOTA) $0.19 ↑ 0.94%
JasmyCoin JasmyCoin (JASMY) $0.01 ↓ -2.92%
Gala Gala (GALA) $0.02 ↓ -0.54%
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DeXe DeXe (DEXE) $7.73 ↑ 1.47%
Home Cryptocurrency

Tesla’s Bold Bitcoin Move: $760 Million Transfer Shakes Up the Crypto Market

Gezim Osmani by Gezim Osmani
16 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
Tesla is large Bitcoin transfer worth 760 million. The visual should feature the Bitcoin symbol with a large sum of money and Te

Tesla has made waves in the cryptocurrency world with a massive $760 million Bitcoin transfer. This significant BTC move has sparked speculation about whether Tesla is planning to sell its Bitcoin holdings. What does this mean for the crypto market? Get the latest details and updates in our report.

During the ongoing correction in the cryptocurrency market, Tesla’s substantial Bitcoin transfer has drawn significant attention. According to Arkham, Tesla transferred 11,500 BTC, equivalent to roughly $760 million, to an unidentified wallet.

Table of Contents

Toggle
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    • Whitelist Success Stories Speak Volumes – MoonBull Is the Best Crypto Whitelist of 2025, While Dogecoin and FLOKI Bounce Back
  • Is Tesla Planning a Bitcoin Sale?
  • Key Resistance Level for Bitcoin

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Is Tesla Planning a Bitcoin Sale?

This massive Bitcoin transfer has fueled speculation about whether Tesla is looking to liquidate its BTC holdings. This is Tesla’s first notable Bitcoin transaction in two years, attracting the interest of investors. Currently, Tesla ranks as the fourth-largest Bitcoin holder after MicroStrategy, Marathon Digital, and Riot Platforms.

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While Tesla has not released any official statements about this significant BTC transfer, there was no major price movement in the cryptocurrency market following the transaction. Prices remained stable, and no significant sell-off was observed among large whales.

At the time of writing, Bitcoin is trading at $66,880, with a modest 1.35% increase over the past 24 hours. During the same period, trading volume surged by 20%, signaling growing interest in the market.

Key Resistance Level for Bitcoin

Technical analysis suggests that Bitcoin is currently facing resistance at the upper boundary of a descending channel that dates back to March 2024. Historically, BTC has experienced price drops exceeding 20% after reaching this level.BTCUSDT 2024 10 16 04 17 57 1536x672 1

However, with the upcoming U.S. presidential elections, market expectations may differ this time. In past election years, the cryptocurrency market has seen significant rallies during October.

Stay tuned to Turkish NY Radio for more updates and insights on the latest Bitcoin and cryptocurrency developments.

Tags: bitcoinbtccryptocurrency marketresistance levelTesla Bitcoin transfer
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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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