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BTC $78,524.92 -0.50%
ETH $2,486.01 +0.17%
BNB $753.68 +2.24%
XRP $1.42 +2.15%
SOL $103.37 -0.09%
TRX $0.3386 +1.32%
DOGE $0.0898 +0.00%
ADA $0.2201 +1.05%
BCH $258.41 +0.76%
LINK $12.52 -1.26%
HYPE $84.89 -0.09%
AAVE $129.34 -1.27%
SUI $0.8119 +0.29%
XLM $0.1883 -1.34%
ZEC $1,181.65 +4.83%

CryptoQuant CEO: The $6.5 billion worth of Bitcoin sold by the U.S. government may be absorbed by the market within a week

2025-01-09 12:38:25

ChainCatcher message, regarding "The U.S. Department of Justice has been authorized to sell $6.5 billion in seized Silk Road Bitcoin," CryptoQuant CEO Ki Young Ju posted on X: "Last year, based on realized market cap, $379 billion entered the market, about $1 billion per day. The $6.5 billion (Bitcoin) sold by the U.S. government could be absorbed within a week. Don't panic."

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