Trump Media & Technology Group, the parent company of Truth Social, transferred 4,259 BTC worth about $344 million to Crypto.com. The transaction followed a 24% decline in the company’s share price, which reached an all-time low after Democrats gained control of Congress. The transfer has raised concerns about the company’s liquidity and financial stability. However, prediction markets still suggest that participants expect Bitcoin to remain above key price levels on November 6.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
