US Government Readies to Sell $246 Million in Bitcoin
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The United States government has shocked the crypto market as it prepares to potentially sell $246 million worth of Bitcoin. This seismic event is could have been precipitated by the recent transfer of more than 9,825 BTC linked to Silk Road addresses, which are now suspected to be under the control of the US Department of Justice. Are These Early Signs of a Bitcoin Sell-Off? In a meticulous operation, the US Department of Justice (DOJ) appears to have moved 8,200 BTC to Coinbase. The federal agency used a labyrinthine funding path, shuffling the assets through the Bitcoin address 361yogPsasxJz6JAaFskmWZes14Gs38ikj. The
As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell. This echoes similar actions that had previously…
Bitcoin, the world’s largest cryptocurrency, has experienced a significant decline in recent hours and fell below $ 60,000. At the time of writing, BTC price is trading at $59,377, with a 2.5% decrease in the last hour. The FED decided to keep interest rates constant at its meeting last Wednesday,…
Show AI SummaryThe US government’s handling of seized Bitcoin sparks concerns over financial stability for citizens impacted by related crimes.Forfeited Bitcoin from high-profile cases, such as the 2016 Bitfinex hack, is being transferred to Coinbase Prime, affecting victims’ restitution.President Donald Trump’s Executive Order ensures seized Bitcoin is preserved as a…