The Defiant
2024-12-03 18:44:11

Bitcoin Recovers From U.S. Government Sell-off Panic

The cryptocurrency market staged a modest recovery on Tuesday. Bitcoin (BTC), the world’s largest cryptocurrency, rose 1% to $95,361, stabilizing above the $95,000 mark. On Monday, the U.S. government transferred 10,000 BTC (valued at approximately $963 million) linked to the Silk Road case. Blockchain records show that $1.9 billion worth of Bitcoin seized during the 2021 investigation of James Zhong was moved to Coinbase Prime wallets. Zhong was convicted of wire fraud related to the Silk Road marketplace. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.