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**Bitcoin Soars to Fresh Highs as Marathon Digital Moves $2.34 Billion in Recent Hours**
The price of Bitcoin (BTC) has reached a new all-time high after investors anticipated a Federal Reserve interest rate drop later this week. According to CoinMarketCap, the value of the largest cryptocurrency by market capitalization increased by 2.59% to $106,564 at the time of writing.
Meanwhile, Marathon Digital, a prominent Bitcoin mining company, has moved an enormous 22,044 BTC worth $2.34 billion in recent hours. This massive transaction was dispersed across 40 new, unidentified wallets and remains there. The company’s current holdings now consist of 14,364 BTC valued at $1.54 billion.
The recent surge in the Bitcoin market is attributed to expectations of a Federal Reserve interest rate drop later this week.
Source: u.today
