Bitcoin Crashes As U.S. Government Transfers $1B Worth

Reading Time: 2 minutesU.S. authorities transferred $1 billion worth of bitcoin (BTC) recovered from a dark web hack to new wallet addresses, including one owned by Coinbase, on Wednesday, stoking investor fears that intense sell pressures could drive down the token’s price. Authorities moved the bitcoin in three transactions, according to data from blockchain security firm PeckShield. Nearly … Continue reading Bitcoin Crashes As U.S. Government Transfers $1B Worth