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CryptoQuant CEO: China sold 194k Bitcoin from PlusToken Altcoin Season Is Here, But Most Coins Are Doomed : Warns CryptoQuant Analyst South Korean crypto traders power the altcoin bull run – CryptoQuant report

Jan / 01
- CryptoQuant CEO: China sold 194k Bitcoin from PlusToken
  
  Jan 01, 1970 at 08:00 am crypto.news
  
  CryptoQuant CEO Ki Young Ju alleges that Chinese authorities may have sold $20 billion worth of Bitcoin seized in the PlusToken scheme in 2019. By comparing the value of PlusToken's 194,775 Bitcoin reserve with the value found within mixers, Ju believes the seized Bitcoin has been sold. Despite Chinese government claims of transferring the Bitcoin to the national treasury, clarification on its sale or retention remains lacking. Ju maintains the likelihood of a censored regime holding censorship-resistant money is low.
- Altcoin Season Is Here, But Most Coins Are Doomed : Warns CryptoQuant Analyst
  
  Jan 01, 1970 at 08:00 am CoinPedia News
  
  Altcoin Season may not meet expectations, as analyst Ki Young Ju suggests a selective altcoin boom where only a few coins will thrive. Bitcoin's detachment from altcoins and a weakening correlation between the two lead to some altcoins exhibiting independent trends. Survival strategies for altcoins involve developing paper-wrapped products or real internet money systems.
- South Korean crypto traders power the altcoin bull run – CryptoQuant report
  
  Jan 01, 1970 at 08:00 am Cryptopolitan
  
  South Korean crypto traders have powered the surge in altcoin prices, according to a CryptoQuant report. Major coins like Bitcoin have doubled in value this year, while meme coins like Dogecoin and LOOM from the Loom Network have seen a tenfold increase in just 8 weeks. The rise in market prices can be linked to events such as the anticipated approval of spot exchange-traded funds (ETFs) for major currencies like Bitcoin and Ethereum.