BITCOIN PRICE DECLINES AS US GOVERNMENT TRANSFERS FUNDS WORTH $2 BILLION... dari ia7145

31 Jul 2024, 20:39 · Views 98

The US government moved $2 billion worth of Bitcoin from Silk Road's confiscated funds.
Data from Lookonchain shows that FalconX has sold 1,000 BTC, amounting to $69.52 million, on the Binance exchange.
On-chain data shows that the Coinbase Premium Index falls below the 14-day Simple Moving Average, suggesting a slight increase in sell pressure.

Bitcoin (BTC) stabilizes around the $68,000 level on Tuesday after failing to close above $70,000 the day before. The US government moved $2 billion worth of Bitcoin from Silk Road's confiscated funds on Monday. Additionally, data from Lookonchain reveals that FalconX sold 1,000 BTC, totaling $69.52 million, on the Binance exchange. On-chain data indicates that the Coinbase Premium Index has dropped below the 14-day Simple Moving Average, signaling a slight uptick in selling pressure.

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