US Government’s $6.5B Silk Road Bitcoin Liquidation To Rattle the Market

Quick Summary:

The U.S.government has secured approval to liquidate 69,370 Bitcoin seized from the Silk Road marketplace.Worth about $6.5 billion, the move has raised fears in the crypto market as traders speculate on the potential impact of such a sale.

The Bitcoin, acquired during law enforcement operations, is part of the government’s total holdings of […]

The post US Government’s $6.5B Silk Road Bitcoin Liquidation To Rattle the Market appeared first on Coin Edition.

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Article Details

Author / Journalist: Peter Mwangi

Category: Crypto

Markets: India

Topics: Market BTC News Market Analysis Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 10:30:00 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 142 words

Reading Time: 1 minutes read

Sentences: 54 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 24997523

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 17 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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Publisher ID: #124

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