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The US Government transfers Coinbase $1.9 Billion in Bitcoin According to Arkham Intelligence, 20,000 Bitcoin, or $1.9 billion, were sent to Coinbase Prime from a cryptocurrency wallet connected to the US government. Assets taken from Silk Road, a well-known dark web bazaar that was shut down in 2013, were the source of the Bitcoin holdings. Before reaching Coinbase, the transfer involved a bigger transaction of 19,800 BTC to an intermediate wallet, after which there was an initial test of 0.001 BTC, worth $97. In addition to Ethereum (worth $217 million) and USDT ($122 million), the wallet still contains almost $18 billion in Bitcoin notwithstanding the move. This action comes after the government sent 10,000 Bitcoin, or $600 million, to Coinbase in August. Due to market speculation sparked by the latest transaction, Bitcoin's price fell below $95,000 after the announcement. $BTC
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