$BTC
Bitcoin’s (BTC) price dipped 2.78% after the court ruling approving the $6.5 billion auction. However, historical data shows that U.S. government Bitcoin (BTC) auctions have had minimal long-term impact on BTC prices.
Between March 2023 and January 2025, the U.S. government reduced its holdings by 38,000 BTC, valued at approximately $3.54 billion. Despite this sell-off, Bitcoin's price surged 375% during the same period, driven by rising demand for spot Bitcoin ETFs and optimism over Trump’s pro-Bitcoin policies.
