The U.S. Department of Justice has been authorized to sell $6.5 billion in Bitcoin seized in the Silk Road case, but now it has only received approval, and the specific sale date is still uncertain. There are only 11 days left until Trump officially takes office on January 20, and he previously stated that he would not sell Bitcoin after taking office. Given the speed at which the U.S. government operates, it is still unclear whether the Department of Justice will be able to smoothly sell these Bitcoins.

Even if the sale does begin, the amount of $6.5 billion in Bitcoin is actually not that large, and the market should be able to absorb it. This recent Bitcoin crash may be somewhat related to this news. However, overall, the upward trend in Bitcoin remains. Currently, it is mainly retail investors who are losing money and selling, while large investors are buying in at lower prices. This decline has scared many panicked investors out of the market, giving Trump more room to maneuver. So, now everyone can only wait for Trump to take office and see how he will impact the market.