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 The US government moved over $297 million worth of bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="URL" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) seized from the Silk Road hacker in March. 
 The total amount <a href="https://crypto.news/us-will-auction-41000-bitcoin-associated-with-silk-road/" rel="noopener noreferrer nofollow">captured</a> from the hacker was worth over $1 billion — 49,000 bitcoins — in March. At the current price point, the total assets would be worth roughly $1.5 billion as BTC holds above the $30,000 mark. 
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 The U.S. government transferred out 9,825 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> ($297.6M) again 13 hrs ago. Among them, 1,625 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($49M) was transferred to 2 new wallets. Another 8,200 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($248M) was transferred in 101 transactions to 8 whale wallets that had been dormant for 2 years.<a href="https://t.co/o5DWXuwpL4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/o5DWXuwpL4</a> <a href="https://t.co/EMHlhVuVSU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/EMHlhVuVSU</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1679362170709241856?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 13, 2023</a> 
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 Moreover, the US government transferred 9,825 bitcoins — worth $298.7 million at the time of writing — to different addresses. Of this tally, the authorities moved 1,625 coins to two new addresses while the remaining 8,200 tokens were put into eight whale wallets in 101 transactions — with most of the transactions containing 79.2 bitcoins. 
 You might also like: <a href="https://crypto.news/new-york-hacker-charged-for-stealing-9-million-from-a-decentralized-exchange/" rel="noopener noreferrer nofollow"> New York hacker charged for stealing $9 million from a decentralized exchange </a> 
 According to on-chain data, the whales’ addresses had been inactive for the past two years. It’s important to note that 9,825 coins had been sitting in Coinbase while the remaining 39,175&nbsp; bitcoins were sent to new addresses. 
 The big move by the US government comes as the BTC price goes down by 1.3% in the past 24 hours, with a one-day high of $30,959. Bitcoin is trading at around $30,400 at the time of writing. However, the asset’s 24-hour trading volume spiked to $14.5 billion, marking a 22% rise. 
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 BTC price – July 13 | Source: Trading View 
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 A <a href="https://crypto.news/bitcoin-price-rises-as-investors-turn-to-self-custody/" rel="noopener noreferrer nofollow">report</a> on July 12 showed that bitcoin investors have been turning to self-custodial wallets as the total number of BTC on exchanges hit a five-year low. 
 Read more: <a href="https://crypto.news/ftx-customer-claims-portal-remains-offline-hours-after-launch/" rel="noopener noreferrer nofollow"> FTX customer claims portal remains offline hours after launch </a> 
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US government transfers BTC worth $300m from Coinbase

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