The US government has transferred more than $2 billion worth of Bitcoin to a new wallet, sending the price of Bitcoin down to $66,000 and raising concerns among investors of a potential sell-off.
Yesterday (July 29) Arkham a reportThe US government has transferred 29,800 Bitcoins seized from the Silk Road black market, worth over $2 billion, to a new wallet. This has investors concerned about whether a similar sell-off to the German government could happen, and Arkham believes that this transfer of 10,000 BTC may have been transferred to a digital asset custody service (Custody).
By transferring bitcoin from the US government This comes after US presidential candidate Donald Trump announced on Sunday that he would stop all bitcoin sales in the United States and create a strategic bitcoin reserve.
There will be a meeting of the Federal Open Market Committee on Thursday and the decision on interest rates will be announced at 1:30 a.m., which analysts expect to remain at the same level of 5.25%-5.50%.
At the time of writing, Bitcoin was down to the $66,200 area, down about 4% after trying to climb above $70,000 again last night.
Although Bitcoin is down but on the altcoin side, there are many coins that are gradually increasing as well, such as BSV, BOME, and MOG, which added almost 16%, 15%, and 13% respectively.
Today, the Fear and Greed Index for cryptocurrencies scored 74 in the Greed zone, up from yesterday’s level of 71. The cryptocurrency market cap over the past 24 hours was $2.4 trillion (-0.83%), while the trading volume was $81.9 billion (+83.37%).
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