
The government of Bhutan has once again decided to decrease its Bitcoin holdings in response to the ongoing decline in the value of $BTC. As of today, they have lowered their Bitcoin reserves to 5,600 $BTC, which is currently estimated at around $385 million. This decision comes amid deteriorating market conditions, as indicated by CoinMarketCap’s Fear & Greed Index dropping to a low score of 8, despite a minor rebound in Bitcoin’s price.