{"id":35304,"date":"2025-07-05T03:16:33","date_gmt":"2025-07-05T03:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35304"},"modified":"2025-07-05T03:16:33","modified_gmt":"2025-07-05T03:16:33","slug":"bitcoin-sees-profit%e2%80%91taking-as-lawmakers-gear-up-for-crypto-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35304","title":{"rendered":"Bitcoin Sees Profit\u2011Taking As Lawmakers Gear Up For \u2018Crypto Week\u2019"},"content":{"rendered":"
\n

Bitcoin dipped below the $109K mark on Friday, triggering a minor retreat in the wider digital assets market. Traders watched closely as two large BTC wallets\u2014dormant for years\u2014moved a combined 20,000 BTC<\/a>, roughly $2.18 billion, in a single session.<\/p>\n

The flagship crypto is still up 85% over the past 12 months, but this sudden shift in supply briefly shook confidence.<\/p>\n

Dormant Whales Move Billion\u2011Dollar Stakes<\/h2>\n

Based on reports from on\u2011chain tracker Lookonchain<\/a>, one wallet that snapped up 10,000 BTC for $7,805 back in April 2011 moved its entire holding within hours.<\/p>\n

That original haul, bought when Bitcoin traded at $0.78, is now worth over $1\u202f billion. Moments later, a second address transferred another 10,000 \u202fBTC, taking the total to 20,000\u202f BTC shifted in one morning.<\/p>\n

That equates to a jaw\u2011dropping 140,000\u00d7 return on the tiny initial outlay. Analysts caution it may not be a single individual behind both wallets, but the timing grabbed attention.<\/p>\n

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Another wallet of this Bitcoin OG also transferred out 10,000 $BTC<\/a> ($1.09B) just now after being dormant for 14+ years.<\/p>\n

14 years ago, $BTC<\/a> was only $0.78 \u2014 that\u2019s a mind-blowing 140,000x return! https:\/\/t.co\/e2m8AunEMc<\/a>https:\/\/t.co\/G0YXqPi4mK<\/a> pic.twitter.com\/E1fgGlYA4u<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) July 4, 2025<\/a><\/p>\n<\/blockquote>\n

Political Push Comes As Bitcoin Hesitates<\/h2>\n

Lawmakers in the US are set to take center stage from July\u202f14\u201318 for a \u201cCrypto Week.\u201d<\/a> Three major bills will go under review in the House: the Digital Asset Market Clarity Act, the Anti\u2011CBDC Surveillance State Act, and the Senate\u2019s GENIUS Act.<\/a><\/p>\n

All three measures aim to set new rules for market structure, stablecoins, and prevent a retail CBDC surveillance system.<\/p>\n

<\/p>\n

House Financial Services Chair French Hill, Agriculture Chair Glenn \u201cGT\u201d Thompson, and Speaker Mike Johnson say they plan to deliver these bills to US President Donald Trump\u2019s desk.<\/p>\n

The goal is to build a clear rulebook for digital assets, though some fear the debate could drive fresh volatility.<\/p>\n

Key Levels And Sentiment On Watch<\/p>\n

Bitcoin rallied past $109K overnight before pulling back to trade around $108,700, at press time. The market sits less than $3,000 away from its recent all\u2011time high of about $112K.<\/p>\n

Spot\u2011Bitcoin ETFs in the US continue to load up on BTC, and some corporate treasuries keep adding to their stacks. Yet macro factors\u2014rising rates, bank sector worries, and global tensions\u2014keep a bit of caution in the air.<\/p>\n

Featured image from Meta, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin dipped below the $109K mark on Friday, triggering a minor retreat in the wider digital assets market. Traders watched closely as two large BTC wallets\u2014dormant for years\u2014moved a combined 20,000 BTC, roughly $2.18 billion, in a single session. The flagship crypto is still up 85% over the past 12 months, but this sudden shift […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35304","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35304"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35304\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}