Bitcoin Preparations in the USA: Is a Major Sale on the Horizon?
According to Arkham Intelligence data, the wallet address associated with the US Government recently transferred 11.84 Bitcoins worth $726,000 to an unknown address. This unexpected move has sparked a flurry of speculation and analysis within the crypto community.
This transfer follows a previous transfer of 4,000 Bitcoins worth $240 million to the Coinbase exchange, originating from the US government’s wallet, which had been seized from Estonian cryptocurrency entrepreneurs Potapenko and Turogin. Arkham data also indicates that the US government currently holds over 213,000 BTC.
The impact of these transactions on the price of Bitcoin has been significant, with the cryptocurrency dropping from above $61,000 to below $61,000 in response to the test transfer. At the time of writing, BTC is trading at $60,819.
Analysts believe that these recent actions by the US government could signal the possibility of a larger transfer in the near future. As the crypto market continues to react and adapt to these developments, it remains to be seen how this will impact the broader landscape of digital currency.
As always, it’s important to exercise caution and do thorough research before making any investment decisions. For those interested in investing in cryptocurrencies, Binance exchange offers a 20% commission discount for new registrations. For more exclusive news, analytics, and on-chain data, follow our Telegram and Twitter accounts.
