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The U.S. Supreme Court has decided not to register a case about 69,370 Bitcoins, worth about $4.4 billion, that were seized from a wallet connected to the Silk Road marketplace. Now, when the legal hurdle is gone, The U.S. Marshals Service may soon auction off the Bitcoin that was once stolen from Ross Ulbricht’s dark web marketplace, Silk Road. In this legal dispute, Battle Born Investments is a company claiming ownership of the seized Bitcoin. They argued that they acquired the assets from the bankruptcy estate of a man named Raymond Ngan. Battle Born believed Ngan was the mysterious “Individual X,” a hacker who stole Bitcoin from Silk Road and later turned it over to the authorities. However, both federal and appellate courts rejected their claims. In recent months, the U.S. government has already been transferring big amounts of Bitcoin, possibly in preparation for selling it. This auction comes right after Germany sold over $2 billion worth of Bitcoins. The sale of such a large quantity of Bitcoin has sparked concerns in the crypto community about market instability, affecting Bitcoin’s price. Also, a combination of catastrophic events like the Israel-Iran war could influence Bitcoin. The sale of government-seized Bitcoin has also sparked political debate. Former U.S. President Donald Trump vouched at a crypto conference in July to create a “strategic Bitcoin stockpile” if he wins re-election. However, for now, the focus seems to be on liquidation, adding billions of dollars to government funds.# #U.S.UnemploymentNewLow
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🚨 Beware of the Fakeout and Upcoming Death Cross! 🚨 Bitcoin’s current price movement is luring traders into a false sense of security. Yes, BTC touched $66,498, and the price is now hovering around $62,612, but don’t be fooled—this could be a classic fakeout. There’s a storm on the horizon… 💀 Death Cross Incoming! 💀 The 7-day and 25-day moving averages are dangerously close to crossing the 99-day MA, a signal of the notorious death cross—a strong bearish indicator. This setup suggests further downward pressure may be on the way. 📉 💡 Technical Analysis Breakdown: Volume Shrinking 📊: Declining volume indicates a loss of momentum—not a good sign for the bulls.RSI at 51.50: We’re in neutral territory, but the lack of clear direction signals caution.MACD Bearish Divergence: Both bulls and bears seem uncertain, creating a tension that could break either way. 🔑 What to Expect: If BTC breaks below $61,682 (MA7), brace for a deeper drop toward $61,075 (MA99).On the upside, reclaiming $66,498 might give bulls temporary control, but don’t get comfortable—this could be short-lived. Stay vigilant and watch those moving averages. The upcoming death cross could flip the market, bringing even more volatility. Stay patient and avoid emotional trades in these uncertain times. 🦁💪 Opportunities come to those who remain sharp! #WeAreAllSatoshi #moonbix #NeiroOnBinance #EIGENonBinance #BTCReboundsAfterFOMC
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Binance Moonbix Offers Exclusive Rewards to Explorers
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🚨 BLUM AMA ALERT! 🚨 Get ready, Blum fam—we’re hosting an exclusive AMA with our CEO – Gleb Kostarev to give you the inside scoop on what’s happening behind the scenes! 👀 We’re diving into upcoming drops, exciting new features, and so much more! Drop your questions in the comments, and for a chance to win, repost the AMA announcement with #AskingBlum 🤝 Five lucky winners will score 5,000 BP & 50 $USDT each! 🔥 Where: Blum's Telegram Channel When: 8 Oct, 4 PM UTC
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🚨 $BTC /USDT Alert 🚨 Bitcoin is currently trading at $62,263, down by 2.02%. The chart shows a recent high of $64,478, with the price currently testing lower levels. 📊 Key Levels: Resistance: $64,478 Support: $62,128 🎯 Targets for the downside: 1. TP1: $62,000 2. TP2: $61,500 3. TP3: $61,000 Bitcoin may see further selling pressure if it breaks below the support level of $62,128. Keep an eye on these targets and adjust your strategy accordingly! #BTC #Bitcoin #CryptoTrading #Binance
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