 | The US government is selling some of its seized Bitcoin, but it's unlikely to affect the price. Addresses associated with the government transferred 49,000 BTC worth $1.08 billion, with most being internal transfers. Approximately 9,861 BTC were sent to a Coinbase cluster, but it's too little to impact the price. The seized Bitcoin came from the Silk Road hacker and make up a large portion of the US government's holdings. The government usually chooses a different way to sell seized Bitcoin, through GSA auctions, without affecting the price. BTC was trading just above $22,000 at press time. [link] [comments] |
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