Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 2698
Markets: 22707
CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
Market Cap
24h Vol
2698
Cryptocurrencies
63.57%
Bitcoin Share
Coin Edition 2024-12-05 06:34:23

U.S. Moves Billions in Seized Crypto; Sparks Bitcoin Price Concerns

U.S. Moves Billions in Seized Crypto; Sparks Bitcoin Price Concerns

The U.S. government moves billions in seized crypto, including BTC and ETH, to new wallets. Concerns rise over potential government sale of seized Bitcoin after large transfer. Bitcoin recovers after price dip following government transfers but faces resistance near $100K. The U.S. government has transferred billions of dollars worth of seized cryptocurrency, including Bitcoin and Ethereum, into new wallets, raising questions within the crypto community about the potential market impact. The assets , confiscated during investigations involving major crypto cases like FTX and the Silk Road marketplace, were moved to several addresses. These transfers follow the FTX bankruptcy in November 2022, triggered by allegations of fund misuse by the exchange and its trading arm, Alameda Research. FTX and Alameda Transfers: What We Know On December 3, blockchain analytics firm Arkham Intelligence identified significant movements of crypto assets linked to the U.S. government. These included 5,024 ether (ETH), valued at approximately $18 million, sent to two wallet addresses beginning with “0x9cd” and “0x9ac.” Alongside Ethereum, the government moved addi… The post U.S. Moves Billions in Seized Crypto; Sparks Bitcoin Price Concerns appeared first on Coin Edition .

Most Read News

Market Cap
24h Vol
63.57%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.