Mmastodon BusinessCrypto first seen 2 d ago, last 2 d ago, peak #2

US Government Moves Over $1 Billion in Seized Bitcoin to Coinbase Prime

Original: US Government Moves Over $1 Billion in Seized Bitcoin to Coinbase Prime The US government transferred more than 12,267 B

The US government has transferred more than 12,267 bitcoin, valued at over $1 billion, to a Coinbase Prime wallet. The move is part of an ongoing pattern of the government shifting seized crypto assets, often seen ahead of potential sales. Observers in the crypto market are watching closely, as large transfers of confiscated bitcoin by US authorities have historically raised concerns about selling pressure on bitcoin prices.

Why now: Large government moves of seized bitcoin can signal imminent sales that could affect the bitcoin price.

US governmentCoinbase PrimeBitcoin

Open on mastodon →

Evidence

• US Government Moves Over $1 Billion in Seized Bitcoin to Coinbase Prime The US government transferred more than 12,267 Bitcoin, valued at over $1 billion, to a Coinbase Prime wallet, continuing a pattern of moving seized crypto assets. https:// newisty.com/blog/us-government… · newisty

API: https://socialmediatrends-api.osmike.com/v1/trends/1613140