The U.S. government is set to liquidate approximately $4.4 billion worth of Bitcoin that was seized from the notorious 2016 Bitfinex hack. This significant move follows years of tracking and recovery efforts related to the stolen assets, which were confiscated from one of the hackers involved. The sale of such a large quantity of Bitcoin could have notable implications for market dynamics, potentially influencing Bitcoin's price due to the sheer volume being introduced to the market. This development raises important questions about how the crypto market will respond to the forthcoming liquidation.
How do you think this sale will impact the market?
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Source: CoinGape
