The U.S. authorities has transferred roughly $2 billion price of Bitcoin, equal to round 29,800 BTC, which was seized from the Silk Street. The switch occurred 14 minutes in the past, two days after former President Donald Trump’s speech proposing the creation of a Bitcoin Strategic Reserve. The funds had been break up into two addresses: one containing 10,000 BTC valued at $669.35 million and the opposite holding 19,800 BTC price $1.33 billion, in line with Arkham information. This transfer has sparked hypothesis in regards to the authorities’s intentions, with some suggesting it could possibly be a response to Trump’s current speech. The U.S. authorities presently holds a big quantity of Bitcoin, together with 119,676 BTC from Ulbricht and Zhong, and 179,155 BTC in complete, valued at $12.14 billion. The Bitcoin market reacted to the information, with costs retreating from $70,000 to under $67,000.
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