✉news BusinessCrypto first seen 3 d ago, last 3 d ago, peak #17
US government moves $770M in bitcoin to Coinbase Prime
Original: US government moved $770M worth of bitcoin onto Coinbase Prime
The US government transferred roughly $770 million worth of bitcoin to Coinbase Prime, according to Yahoo Finance. Large movements of seized government bitcoin are closely watched by crypto markets, as they are often read as a signal that Washington may be preparing to sell part of its holdings, which could weigh on prices.
Why now: Large transfers of government-held bitcoin are seen as a potential signal of imminent sales, moving crypto markets.
US governmentCoinbase Primebitcoin
Evidence
- US government moved $770M worth of bitcoin onto Coinbase Prime · Yahoo Finance
- US government moved $770M worth of bitcoin onto Coinbase Prime · Yahoo Finance
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