Is the US Government Selling $1 Billion in Bitcoin?
The US government moved approximately $1.01 billion in Bitcoin on October 8, raising fears of a major sell-off as the cryptocurrency market continued to decline. Arkham data shows two outgoing transfers from a wallet holding Bitcoin seized in the Bitfinex hack. Lookonchain traced the larger transfer to two new addresses, holding approximately 6,000 BTC and The post Is the US Government Selling $1 Billion in Bitcoin? appeared first on BeInCrypto.
Key Takeaways
- The US government moved approximately $1.01 billion in Bitcoin on October 8, raising fears of a major sell-off as the cryptocurrency market continued to decline.
- Arkham data shows two outgoing transfers from a wallet holding Bitcoin seized in the Bitfinex hack.
- Lookonchain traced the larger transfer to two new addresses, holding approximately 6,000 BTC and The post Is the US Government Selling $1 Billion in Bitcoin?
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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