Bitcoin: Is a BTC market dump incoming after latest ‘Silk Road’ move?
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A wallet tagged as belonging to the U.S. government moved 30,175 bitcoins on Tuesday.
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Some 2,000 of the bitcoin were moved to a wallet identified as being to Coinbase, with the rest to another government-tagged wallet.
A wallet tagged as belonging to the U.S. government moved 30,175 bitcoins late Tuesday morning. With bitcoin’s (BTC) current price around the $65,000 level, that would be roughly $2 billion worth of the token.
The last confirmed sale by the government – which in late 2022 seized roughly 50,000 bitcoins related to the Silk Road website – was in March 2023, when it unloaded 9,861 coins for $216 million.
