⚡Bitcoin (BTC) fell below $61,000 after a U.S. government-linked wallet transferred seized BTC worth around $240 million to a Coinbase PRIME address. This raised concerns among traders about the potential sale of digital assets.
⚡The latest move by the government involved transferring 3,940 Bitcoin through the wallet. These funds were seized from drug dealer Banmit Singh and confiscated in court in January 2024. Earlier, in late 2022, the government seized around 50,000 Bitcoin linked to the Silk Road website.