17h ago
Armstrong: Bitcoin slide driven by sentiment, not fundamentals; whales add 200,000 BTC
Coinbase CEO Brian Armstrong told CNBC at the World Liberty Forum in Florida that the latest Bitcoin decline reflects market psychology and profit taking rather than weakening fundamentals. He called the move temporary and said Coinbase is repurchasing shares and adding BTC at lower prices, while on‑chain data indicates whales have accumulated more than 200,000 BTC.