Summary
- Brian Armstrong, Coinbase CEO, expressed confidence in Bitcoin and said he will continue to buy.
- Coinbase holds about 2,772 Bitcoins, which is approximately $304.5 million.
- That day, the Bitcoin price showed an uptrend amid volatility, even surpassing $110,000 intraday.
Brian Armstrong, Coinbase chief executive officer (CEO), showed a firm belief in Bitcoin (BTC).
On the 30th (local time), Armstrong said on his X, "Coinbase believes Bitcoin will continue to rise," adding, "We will continue to buy Bitcoin." As of the third quarter of this year, Coinbase holds about 2,772 Bitcoins. This is about $304.5 million in value.
Meanwhile, that day Bitcoin traded at $109,950 on the Binance Tether (USDT) market, up 0.8% from the previous day. Following hawkish comments from Jerome Powell, chair of the U.S. Federal Reserve (Fed), and the impact of the U.S.-China summit that amounted to a 'tactical truce', Bitcoin, which at one point slipped to around $106,000, recovered most of the losses and even surpassed $110,000 intraday.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
