JUST

2024

BOOK OF MEME

Bitcoin

Silk Road

<p>The crypto markets experienced a shakeup today as Watcher Guru reported that the U.S. government transferred 30,174 Bitcoin worth $2.1 billion seized from the Silk Road dark web marketplace to cryptocurrency exchange Coinbase.</p>
<p>This represented one of the largest Bitcoin movements by the U.S. government from its crypto seizure stockpile. Such a massive amount hitting exchanges sparked fears of an incoming sell-off that drove prices downward. Bitcoin dipped 4.5% over the last 24 hours to around $66,000, while the total crypto market cap shed 4.6% to $2.46 trillion.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> US Government transfers 30,174 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> worth $2.1 billion seized from Silk Road to Coinbase.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1775204917277274123?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 2, 2024</a>
</blockquote>
<p>A $2.1 billion Bitcoin sell would certainly qualify as a massive dump by the U.S. government. However, bull market dynamics may limit the downside from this event.</p>
<p>The crypto markets are just days away from the next Bitcoin halvening event, which historically has preceded massive Bitcoin rallies by constricting new supply. Additionally, spot Bitcoin ETFs gained approval in the U.S. in January 2024, opening the floodgates to new institutional investment into the world’s largest cryptocurrency.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>While a $2.1 billion Bitcoin sell-off is nothing to sneeze at, the overall trajectory of Bitcoin may remain bullish given the fundamentally bullish supply dynamics and potential demand influx from new investment vehicles. The U.S. government’s sell may simply represent a prime buying opportunity ahead of Bitcoin’s next major bull run.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/bitcoin-and-altcoins-bleeding-but-heres-why-community-expects-a-quick-rebound/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin and Altcoins Bleeding, But Here’s Why Community Expects a ‘Quick Rebound’</a></li>
 <li><a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-22/" target="_blank" rel="noopener noreferrer nofollow">Why is the Crypto Market Down Today?</a></li>
 <li><a href="https://captainaltcoin.com/book-of-meme-bome-poised-for-massive-move-analysts-predict-these-next-price-targets-for-the-solana-memecoin/" target="_blank" rel="noopener noreferrer nofollow">BOOK OF MEME (BOME) Poised for “Massive Move”: Analysts Predict These Next Price Targets for the Solana Memecoin</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/us-government-prepares-for-massive-bitcoin-sell-off-but/" rel="noopener noreferrer nofollow">US Government Prepares for Massive Bitcoin Sell Off, But…</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

US Government Prepares for Massive Bitcoin Sell Off, But…

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 2 апр. 2024 г.

Bankman-Fried Speaks His Mind, Expresses Remorse After 25-Year Prison Sentence

Snuggle Up with Profits: Koala Coin (KLC) ICO vs Solana (SOL) and Cardano (ADA)

Ripple’s Price Navigates Choppy Waters as Market Sees Downturn

Recent Altcoin Standouts on Binance: GHST, XVG, and BOME Coin

Spot Bitcoin ETF Data Influences Market Dynamics

Vitalik Buterin shares his Ethereum simplification plan

Join our free newsletter for daily crypto updates!