đ©žUS Government Moves $240M in Bitcoin to Coinbase: Is a Sell-Off Imminent?đ©ž
The US Government has transferred a whopping 3,940 $BTC , valued at $240 million, to Coinbase, just a day after receiving approval from a judge to sell. This move comes after the government seized the #Bitcoin from a narcotics trafficker. đ
The timing of this transfer raises questions about the government's intentions. Could they be preparing to unload their massive Bitcoin holdings onto the market? đ
The #cryptocurrency community is buzzing with speculation about the potential impact of such a large-scale sell-off. Will it cause a ripple effect in the market, leading to a price drop? đž
This isn't the first time the US Government has made headlines with its Bitcoin transactions. In April, they transferred a staggering $2 billion worth of Bitcoin to Coinbase sending shockwaves through the crypto world. đ°
As the government continues to navigate the complex world of cryptocurrency, one thing is clear: their actions have far-reaching consequences for the market. đ
Do You Think the US Government will Sell #BTC ??