Yes, the US Government is going to sell 3,940 Bitcoin. So what!?

Hi HODLers, Hiveans and Lions,

It seems like the US government sent 3,940 Bitcoin to a Coinbase Prime wallet on June 26

According to Arkham Intelligence, the transaction took place at 5:00 pm UTC and involved Bitcoin seized earlier in 2024

In 2019, Singh was arrested by British authorities in London on drug distribution charges and eventually extradited to the United States in 2023.

There were fears of sell-offs impacting the Bitcoin market have gripped market participants in recent week.

Bitcoin Price

I guess this is not a great news but should it have such an impact on crypto and Bitcoin prices. More Bitcoins in the hands of believer in the end!

We will absorb this Sell order in no time, and that will be another negative news behind us.

Let's stop being scared!

Source

Stay safe out there,

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Posted Using InLeo Alpha