Bitcoin’s price fell sharply after reaching an all-time high of $104,088 on December 5th and dropped to around $97,000 as of December 10
The US government transferred Bitcoin worth nearly $2 billion to Coinbase played a crucial role in these fluctuations.
The Royal Government of Bhutan transferred 406 Bitcoins to a Singapore-based digital asset trading firm QCP Capital.
The crypto community is concerned about the potential threat that the computational power of Google’s Willow chip can cause to the security of Bitcoin.
