Nearly 40,000 Bitcoins Belonging to US Government Are on the Move
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Loading... - Brenda Velasquez
- 08 Mar 2023
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Over the last week, the world’s largest cryptocurrency Bitcoin (BTC) has been under selling pressure. As of press time, Bitcoin is trading 1.59% down at a price of $22,118 and a market cap of $23 billion.
On-chain data provider Glassnode recently reported that nearly 40,000 Bitcoins from wallets linked to the US Government law enforcement seizures are currently on the move. While a majority of them appear to be internal transfers, some of them have also moved to the crypto exchange Coinbase.
Glassnode notes: “approximately 9,861 $BTC seized from the Silk Road hacker have been sent to our Coinbase cluster”.
As said, Bitcoin has continued to face selling pressure and shows weakness on the charts as well! Citing data from IntoTheBlock, popular crypto analyst Ali Martinez reported: Read More..
