The reason for the decline of Bitcoin has been revealed: Big transfer from the USA
Soon after Donald Trump's statement that “if I'm elected, we won't sell any of the U.S.-controlled Bitcoins,” about 30,000 of those assets moved to a new address. It is thought that this transaction was made for sales purposes.
The reason for the deepening decline in Bitcoin in the evening hours has become clear. 2 billion dollars of 29,799 BTC, which was controlled by the USA and seized from the Silk Road operation, was moved to another wallet.
The transaction was made on 19.18 Turkish time. 29 thousand 799 BTC was divided into two separate addresses. While a very small amount was sent to one of the addresses, almost all of the assets were transferred to the other address.
Bitcoins are thought to have been transferred to a new address for sales purposes. While the concern that the sales will drive the price down caused a panic in investors, the Bitcoin price fell below 67 thousand dollars in the first minutes. The number one cryptocurrency saw $66,868.
It was noteworthy that this transfer came after Donald Trump's statements on Saturday. Trump had said that if he was elected, he would retain all of the nearly 200,000 U.S.-controlled BTC and keep it as a reserve asset. Silk Road BTCs were also included in this 200 thousand stock.
