🔥The US government sent 3,940K Bitcoin to the Coinbase exchange
According to Arkham, the US has moved to transfer 3,940K Bitcoin, worth more than $243M, to Coinbase. This is the amount of Bitcoin confiscated by authorities from Banmeet Singh, a drug trafficker.
Currently, the US still owns more than 213 BTC, worth more than $13B, along with many other large altcoins such as ETH, WBTC, USDT, BNB... With a total value of more than $450M.
These are also the reasons why pessimism spread in the market last week, causing Bitcoin price to drop to its lowest level at 58,400 USD, before temporarily recovering to the area of 61,000 USD.
