Bitcoin Price Slides As US Government Moves 4,000 BTC To Coinbase Prime

Quick Summary:

The United States government allegedly moved 4,000 Bitcoin (BTC) to Coinbase Prime, coinciding with the time when the price of the coin is dropping again.

Bitcoin Heading Back to $60K Earlier, Bitcoin registered a slight gain, a move that suggested that it was recovering from the series of dips seen in the last few days.

If this new movement to Coinbase Prime leads to a selloff, it is not certain the level of pressure it could put on the broad crypto market.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaMaliUnited States

Topics: Bitcoin News 24/7 Cryptocurrency News Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 19:27:26 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21396018

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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