Bitcoin News: Trump Media Moves 4.2K BTC as Its Price Hits $80K

Key Insights: The latest Bitcoin news showed Trump Media moving 4,259 BTC to Crypto.com. BTC price rebounded above $80,000 after Democrats won both chambers of Congress. US spot Bitcoin ETFs logged $514.2M in outflows during the first two sessions of November. Trump Media moved about 4,259 Bitcoin (BTC) to Crypto.com on Nov. 5, according to Lookonchain. The coins were worth around $343.67 million at the time. Bitcoin News: Trump Media Transfer Raised Selloff Fears Lookonchain asked on X whether Trump Media was dumping BTC. The coins were moved in two transfers of 2,140 BTC and 2,119 BTC. Arkham labeled both wallets as holding collateral for the company’s 2028 convertible notes. The amount nearly matched the 4,260.73 BTC pledged in its June 30 SEC filing.

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