Crypto Daily – Only two days after presidential hopeful Donald Trump said at the 2024 conference that he would not move the US Silk Road $BTC, the government did just that, transferring $2 billion worth to a previously unknown wallet. Bitcoin lost 4% in value on the news.
Large $BTC movement sends traders into a panic
It seems that the crypto market has still not lost the jitters. Large amounts of $BTC being moved from one address to another is still able to cause flash panics that move the Bitcoin price appreciably.
Up until the moment that the US government decided to move a large parcel of $BTC from one wallet to another, seemingly without any rhyme or reason to it, Bitcoin had been coasting serenely upwards – to all intents and purposes on a collision course with the all-time high at $73,800.
However, that large movement of $BTC was enough to send investors and traders into a panic, and the $BTC price was sent scurrying back inside its bull flag like…
Read More
