Investing.com – The report that the US government transferred approximately 3,940 BTC worth around $241 million to Coinbase (NASDAQ🙂 has added a new pressure element to the crypto market.
After gaining the authority to take action regarding the it had seized, the US government continues to transfer cryptocurrencies to exchanges. In April, the government had previously contributed to a market decline by transferring a larger amount of Bitcoin worth $2 billion. While such actions are seen as part of the US’s intervention in the crypto market, some believe that the government is making strategic moves to reduce its holdings of crypto assets.
US government holds a large amount of BTC
According to Lookonchain data, the US government currently holds approximately 213,46 BTC worth around $13.07 billion. The US holds the most Bitcoin among governments….
Read More
