US Govt Selling Silk Road Related Bitcoin, Crypto Crash Ahead?
Also Read: US CPI Inflation Cools To 3%; Bitcoin , Ethereum Price-In For Rally, US Dollar Falls advertisement It remains to be seen if the suspected sale of the BTC could have market moving impact over the next few days, as Bitcoin worth around $300 million has been liquidated. Will this lead to a crypto crash or will the traders oversee it? Bitcoin Bulk Sale On chain data showed that as much as 9,000 BTC were transferred in two transactions earlier on Wednesday. The data showed that the transfer of 1,118 BTC was followed by 8,200 BTC. The Crypto Market hardly showed any reaction as the next change in BTC price over the last 24 hours remains almost zero. A court filing from March 2023 showed that the US government intended to sell the remaining 41,000 BTC in four separate stages. This means there are about 32,000 BTC yet to be sold in the course of the next six months. Also Read: Terra Luna Classic Validator To Burn Billions Of LUNC Tokens, Price To R...