Breaking news! A federal judge ruled on December 30 that the U.S. Department of Justice can sell 69,370 Bitcoins (BTC) seized from the Silk Road darknet market, with a total value of up to $6.5 billion. Although similar sales were previously completed through over-the-counter transactions and had limited impact on market prices, this news has caused short-term panic in the market and price fluctuations are inevitable.

What is the status of the US government’s BTC holdings?

Currently, the US government holds about 197,000 bitcoins, worth about $18.6 billion. These BTCs were mainly held during the Biden administration. Although Trump has said that he does not want the US government to continue selling bitcoins in the future, this policy change needs to wait until the transfer of power is completed and supported by Congress, so it is difficult to affect the current sales plan in the short term.

Many investors are concerned about whether all of this batch of BTC has been sold. According to the currently known U.S. government holdings data, this batch of Bitcoin has not been completely sold, and may not even have started to be sold, because the Department of Justice has not yet released any relevant sales information. Once the sale is completed, an official announcement is expected.

Positive international news eases market concerns

As market concerns spread, a piece of good news from the international community has injected confidence into the Bitcoin market. The president of the Czech National Bank recently revealed that the bank is considering purchasing a small amount of Bitcoin as a diversification strategy for foreign exchange reserves. This move shows that countries are gradually increasing their recognition of Bitcoin, and the stability of Bitcoin prices may be further enhanced in the future, with relatively lower overall risks.

The Federal Reserve and the potential impact of Trump's new policies

The recent market is mainly affected by the Fed's interest rate cut that is less than expected, but if future economic data shows that inflation is cooling down, coupled with the potential boost from Trump's new policies, the probability of Bitcoin price breaking through the $120,000 mark in January and February is considered to be as high as 80%. If this prediction comes true, Bitcoin will once again create a new historical record.

As market dynamics continue to change, the future of cryptocurrencies remains uncertain. Whether it is government selling or international buying, every piece of news may become an important driving force for price movements. Investors need to pay close attention to market dynamics and respond rationally to possible fluctuations.

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