US Government Made a Large Bitcoin Transfer! Will BTC be sold?

The US Government's Bitcoin transfers are on the crypto agenda.

According to recent information, the US Government has started to make Bitcoin (BTC) transfers again. The US Government, which sent the BTCs it confiscated from Banmeet Singh to Coinbase Prime, attracted the attention of crypto investors.

Arkham, a successful research company, briefly shared the following information about BTC transfers on its official X/Twitter account:

Update: US Government sent $240 million worth of BTC to Coinbase Prime.

The US Government recently moved 3,940 BTC ($240 million) to Coinbase Prime.

These BTCs were first seized from narcotics trafficker Banmeet Singh during the hearing in January 2024.

The US Government, which confiscated a total of 8,100 Bitcoins (BTC) at that time, has transferred only 3,940 BTC for now.

📈📉 #Bitcoin #btc #abd $BTC