CryptoPotato - Dump Incoming? US Government Moves Another 9,000 BTC From Silk Road

in blockchain •  2 years ago 

https://cryptopotato.com/dump-incoming-us-government-moves-another-9000-btc-from-silk-road/
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The Department of Justice (DOJ) has moved another massive batch of seized Bitcoin (BTC) connected to Silk Road.

The government has already confirmed plans to sell its Silk Road-related BTC throughout the year, and the latest transfers could signal its intention to soon dump more.

It is unclear if an upcoming BTC sale will heavily impact the market, but Bitcoin's daily trading volume is over $12.7 billion, meaning the market may be able to absorb the sale without significant trouble.

How are your BTC asset?

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