The US government transfers 8 million USD in Bitcoin: A sign of volatility in the cryptocurrency market?
The US government has just executed a transaction transferring 97,336 BTC (equivalent to 8.46 million USD) and 884.33 ETH (approximately 1.77 million USD) from a wallet related to the Silk Road seizure fund to a new address. Data from the blockchain tracking tool Arkham indicates that this move took place about 6 hours ago, related to the Sae-Heng scam.
These assets are believed to be part of the government's management strategy or preparation for liquidation. Amidst the highly volatile Bitcoin price, the transaction has attracted the attention of the cryptocurrency community, raising predictions about the possibility of a sell-off or short-term impact on the market. Analysts are closely monitoring to assess the potential impact.
