Bitcoin fell 2% after the US government moved 3,940 Bitcoins seized from a Silk Road seller. The US government moved $240 million worth of crypto money to Coinbase Prime Address. Arkham Intelligence stated that 3,940 BTC seized from Silk Road dealer and drug dealer Banmeet Singh, who was tried in January, was sent to Coinbase. 📉 After this transaction, the total cryptocurrency market and BTC dropped slightly. In March 2023, the US government sold $216 million worth of BTC on Coinbase Prime, Coinbase's institutional platform. Coinbase and the SEC engaged in a legal battle, while the platform continued to serve the US government's BTC sales.