Investing.com– Bitcoin price dipped on Tuesday, largely reversing a weekend rebound as reports that the U.S. government had mobilized $2 billion worth of tokens largely offset optimism over positive comments on regulation from Donald Trump.
The world’s biggest cryptocurrency had risen as far as $70,000 on Monday after Republican presidential nominee Trump promised friendlier regulations when speaking at the Bitcoin Conference over the weekend.
But swiftly reversed course, falling 4.8% in the past 24 hours to $66,507.4 by 08:25 ET (12:25 GMT).
US government seen moving $2 bln of Bitcoin
Bitcoin’s losses were exacerbated by media reports that the U.S. government had moved $2 billion worth of seized Bitcoin on Monday, sparking renewed concerns over more selling pressure on the token.
A wallet associated with the government was seen transferring 29,800 tokens to two different addresses,…
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