The cryptocurrency world witnessed significant turbulence recently as news broke of the US government’s transfer of 3,940 Bitcoins (BTC) to Coinbase Prime. Valued at approximately $240 million, this transfer has sent shockwaves through the market, raising concerns about its implications for Bitcoin’s price stability and investor sentiment.
The Transfer and Its Significance
On a quiet Tuesday morning, blockchain watchers noticed a substantial movement in the Bitcoin blockchain.·
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