U.S. Treasury Dumping It's Bitcoin

In the last few days, there has been a significant drop in the price of Bitcoin. The decline started on Monday, especially after the reopening of the stock exchanges following the weekend closure. For context, the US government seized roughly 50,000 bitcoins related to the Silk Road website in late 2022. This morning’s movement of Bitcoin was to an unidentified wallet. However, the wallet database Arkham Intelligence has tagged the wallet as belonging to the crypto exchange Coinbase. Ultimately, we’ll have to wait for the US Government to confirm this transaction.

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