US government moves another $1 billion in Bitcoin as BTC slides $4,000

US government-linked wallets moved over $1 billion in Bitcoin on Oct. 8 as BTC prices fell and more coins reached Coinbase Prime. On Oct. 8, Galaxy Research flagged the transfer of 12,267 BTC, valued at approximately $1 billion, from a government-controlled address holding assets recovered from the 2016 Bitfinex hack. The Bitcoin initially moved to […] The post US government moves another $1 billion in Bitcoin as BTC slides $4,000 appeared first on CryptoSlate.
Key Takeaways
- US government-linked wallets moved over $1 billion in Bitcoin on Oct.
- 8 as BTC prices fell and more coins reached Coinbase Prime.
- 8, Galaxy Research flagged the transfer of 12,267 BTC, valued at approximately $1 billion, from a government-controlled address holding assets recovered from the 2016 Bitfinex hack.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

NFL tells Supreme Court prediction market sports contracts are gambling, not swaps
The NFL filed an amicus brief urging the Supreme Court to hear New Jersey's case, arguing Kalshi's sports contracts are gambling, not CFTC-regulated swaps.

Bitcoin’s slide below $81,000 exposes why a Fed pause may not save the crypto market
Bitcoin slid below $81,000 on Oct. 8, with an intraday low near $80,800, even as traders expect the Fed to hold in October. The September FOMC minutes, released Oct. 7, said most participants viewed another rate increase by year-end as probable and left…

The Block GCCI 2026 Country Profile: Inside Korea’s Crypto Market
Section 1: The Block’s Global Crypto Competitiveness Index Crypto markets have historically been measured on their trading volume, ownership, or adoption. While these metrics remain important, they speak to demand-side factors rather than the environment in…