By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
Videos
Why Even High Earners Are Living Paycheck To Paycheck
16 minutes ago
News
Empire State Realty Trust, Inc. (ESRT) Q2 2025 Earnings Call Transcript
43 minutes ago
Videos
Stocks slide as Middle East tensions rise, energy shares gain, crypto portfolio tips
24 hours ago
Videos
Why 3D printed houses are on the rise
1 day ago
News
Crown Castle Inc. 2025 Q2 – Results – Earnings Call Presentation (NYSE:CCI)
1 day ago
Videos
What a trillion-dollar defense budget really means for veterans
2 days ago
Videos
The New Soap Operas Are Just 2 Minutes Long — The Power Of Micro Dramas
2 days ago
News
Microsoft poaches top Google DeepMind staff in AI talent war
2 days ago
Videos
Most Americans can’t answer basic retirement questions: Survey
3 days ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Crypto > Bitcoin Prices Crash Suddenly, Rumors of US Govt Holdings Being Sold-Off – What’s Going On?
Crypto

Bitcoin Prices Crash Suddenly, Rumors of US Govt Holdings Being Sold-Off – What’s Going On?

News Room
Last updated: 2023/05/10 at 4:27 PM
By News Room
Share
2 Min Read
SHARE

Speculation swirled on Wednesday on whether the US government’s Bitcoin holdings were being sold off in the thousands.

In a tweet, Steven or @Dogetoshi, research director at The Block, found transactions labeled as “Gov: DOJ Confiscated funds.” 

It then seemed to be a user mistake.

Crypto veteran Adam Cochran echoed that and said that a user had the wallet tagged on their “own local end as Silkroad, so it wasn’t an Arkham alert that went out to traders/bots.”

“Still could be other news lurking out there,” Cochran said. 

It wouldn’t have been a first 

The US government sold off more than 9,800 Bitcoin connected to the Silk Road for about $215 million at the beginning of March, according to Blockworks. 

Officials also said they plan to sell 41,500 more Bitcoin in a series of four batches this year, according to the news site. 

Rumors circulated again in late April about the US government’s potential involvement with Bitcoin wallets.

Reports from the blockchain analytics firm Arkham claimed that wallets associated with the now-defunct crypto exchange Mt Gox and the US government had transferred substantial amounts of Bitcoin, according to previous cryptonews.com reporting. 

Arkham CEO Miguel Morel said the wallet activities were not connected, implying that the US was not really responsible for moving or selling Mt. Gox-related assets.

The price of Bitcoin fell steeply at about 1:30 p.m. ET on Wednesday to just under $27,000 from closer to $28,000.

As of Wednesday afternoon, Bitcoin’s price recovered closer to $27,700. 



Read the full article here

News Room May 10, 2023 May 10, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why Even High Earners Are Living Paycheck To Paycheck

Watch full video on YouTube

Empire State Realty Trust, Inc. (ESRT) Q2 2025 Earnings Call Transcript

Empire State Realty Trust, Inc. (NYSE:ESRT) Q2 2025 Earnings Conference Call July…

Stocks slide as Middle East tensions rise, energy shares gain, crypto portfolio tips

Watch full video on YouTube

Why 3D printed houses are on the rise

Watch full video on YouTube

Crown Castle Inc. 2025 Q2 – Results – Earnings Call Presentation (NYSE:CCI)

This article was written byFollowSeeking Alpha's transcripts team is responsible for the…

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

By News Room
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

By News Room
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

By News Room
Crypto

Russian Central Bank Flags Sharp Rise in Crypto-related Activity

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Crypto

Here Are Your Top Crypto Gainers Today on DEXScreener

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?