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š U.S. Government to Sell 69,370 Bitcoins Worth $6.5 Billion
On January 9, a DOJ official confirmed approval to dispose of Bitcoin related to the Silk Road case, currently valued at $6.5 billion. š°
Following the news, Bitcoin fell over 2.5% within 24 hours, now priced at $94,400. š
Historical U.S. Bitcoin Auctions:
ā¢ June 2014: First auction of 30,000 BTC, price steady around $600, no major drop.
ā¢ December 2014: Second auction of 50,000 BTC, fluctuated between $300-$400, no continuous decline.
ā¢ March 2015: Auctioned another 50,000 BTC, market panic reduced, prices stabilized quickly.
ā¢ November 2015: Cumulative auction of hundreds of thousands of BTC, no major market disruption, symbolizing Bitcoinās ālegitimate investmentā status.
#BitcoinAuction #MarketImpact #SilkRoad #DOJ
On January 9, a DOJ official confirmed approval to dispose of Bitcoin related to the Silk Road case, currently valued at $6.5 billion. š°
Following the news, Bitcoin fell over 2.5% within 24 hours, now priced at $94,400. š
Historical U.S. Bitcoin Auctions:
ā¢ June 2014: First auction of 30,000 BTC, price steady around $600, no major drop.
ā¢ December 2014: Second auction of 50,000 BTC, fluctuated between $300-$400, no continuous decline.
ā¢ March 2015: Auctioned another 50,000 BTC, market panic reduced, prices stabilized quickly.
ā¢ November 2015: Cumulative auction of hundreds of thousands of BTC, no major market disruption, symbolizing Bitcoinās ālegitimate investmentā status.
#BitcoinAuction #MarketImpact #SilkRoad #DOJ
Lindsay Levites krbb:
Old and fake news brought back just to generate panic, if you want to buy low find other ways, stop the scam