The US government recently transferred a significant portion of its bitcoin holdings, seized from Silk Road marketplace website, leading to speculation that it may be preparing to sell off the stash. This anticipation has the market on its toes, with discussions arising about the aftermath of this event. This move, possibly aimed at liquidating a significant stash of bitcoin, has sparked discussions among experts and investors alike.

Seizure of BTC from Silk Road Marketplace Website

Silk Road, once a notorious digital black market facilitating illegal transactions, was shut down by the FBI. The government seized over 200,000 bitcoin, worth billions of dollars, from this illicit…

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