BREAKING: 🚨👇US Government Moves $240 Million in Bitcoin to Coinbase, Sparking Fears of Market Impact⛔⛔

In a shocking move, the US government has transferred a whopping 3,940 Bitcoin, worth over $240 million, to Coinbase Prime, fueling speculation that it may be preparing to sell off a portion of its massive Bitcoin reserves. This development has sent ripples through the crypto community, with many wondering if this could lead to a significant price drop.

The transferred Bitcoin was originally seized from convicted drug trafficker Banmeet Singh, who forfeited over 8,100 Bitcoin to US authorities in 2024. However, this is just a small fraction of the government's total Bitcoin holdings, which stand at a staggering 214,000 Bitcoin, worth over $13 billion.

As the largest national holder of Bitcoin, the US government's move has raised concerns about the potential impact on the market. Will this lead to a sell-off, similar to the recent German government sale? Or will the government hold onto its Bitcoin, now worth billions more due to the cryptocurrency's recent price surge?

Stay tuned for more updates on this developing story, as we delve into the implications of this massive transfer and what it could mean for the future of Bitcoin.

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