Bitcoin

Silk Road

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-plummets-silk-road-btc-movement-shakes-market/" data-wpel-link="internal">Bitcoin Price Plummets, Silk Road BTC Movement Shakes Market</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/reddit-ceosu-bitcoin-artik-kalici" data-wpel-link="internal">Bitcoin</a></strong> experienced an incredible drop in price today, with sales causing the <a href="https://coin-turk.com/bitcoin-yorumlari-btc-usd-teknik-analizi-11-08-2020" data-wpel-link="internal">BTC</a> price to fall to $64,500 within minutes. Although the price recovered slightly above the $65,000 level, recent news has once again stoked concerns, leading <a href="https://en.coin-turk.com/bitcoin-price-continues-bullish-trend/" data-wpel-link="internal">Bitcoin</a> to slip below $65,000 again.</p> 
<h2 style="text-align: justify" id="us-moves-on-silk-road-btc-holdings">US Moves on Silk Road BTC Holdings</h2> 
<p style="text-align: justify">The fate of the Silk Road-related <a href="https://en.coin-turk.com/bitcoin-price-hits-lowest-level-in-over-two-months-as-spacex-reduces-btc-holdings/" data-wpel-link="internal">BTC</a> holdings is being closely monitored by crypto enthusiasts. A Twitter user recently announced that an amount exceeding 30,000 BTC has been transferred to different wallets.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336524" src="https://coin-turk.com/wp-content/uploads/2024/04/doj-btc-rilkroad-coin-turk-com.png" alt="" width="807" height="125"></p> 
<p style="text-align: justify">The BTCs, worth a total of $1.984 billion, have sparked curiosity regarding their destination and the wallets they have been transferred to. The potential sale of such a large amount of BTC seems to have caused investor anxiety. Amidst these events, attention has turned back to the BTC price.</p> 
<p style="text-align: justify">According to a report, a test transfer from the mentioned wallet to the <strong><a href="https://en.coin-turk.com/unveiling-hashkeys-surge-in-crypto-trading-volume-amidst-market-scrutiny/" data-wpel-link="internal">Coinbase</a></strong> exchange was also disclosed by Arkham.</p> 
<h2 style="text-align: justify" id="btc-price-decline-continues">BTC Price Decline Continues</h2> 
<p style="text-align: justify">After struggling to stay above $70,000 for several days, BTC has seen a sharp decline today. BTC lost its $69,000 support level and fell to $65,000, trading at $64,811 at the time of writing.</p> 
<p style="text-align: justify">BTC’s market capitalization also declined during the same period. The market cap was at $1.28 trillion at the time of writing. On the other hand, the 24-hour trading volume was experiencing a rise driven by sales.</p> 
<p style="text-align: justify">The 24-hour trading volume increased by 56%, reaching $48.3 billion, indicating that short selling might be occurring in the market. Monitoring any upcoming price movements in BTC will be beneficial for investors, as it could affect other cryptocurrencies.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-plummets-silk-road-btc-movement-shakes-market/" data-wpel-link="internal">Bitcoin Price Plummets, Silk Road BTC Movement Shakes Market</a></h5>

Bitcoin Price Plummets, Silk Road BTC Movement Shakes Market

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