Silk Road

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-government-moves-4000-btc-to-coinbase/" data-wpel-link="internal">US Government Moves 4,000 BTC to Coinbase</a><br></p>
<p>Transfers to exchanges in the crypto world have had significant impacts over time. Sometimes whales execute these transfers, while other times, it is country governments. Recently, a <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">new development</a> has emerged from Germany. The US government made a significant move a few moments ago. <a href="https://en.coin-turk.com/bitcoins-volatility-shows-a-remarkable-decline-rapidly-approaching-gold/" data-wpel-link="internal">BTC</a> price was declining at the time of writing, which may have caused panic selling among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>.</p> 
<h2 id="us-makes-btc-move">US Makes BTC Move</h2> 
<p>The US government, which has previously drawn attention with its actions regarding seized BTC, has made another significant move.</p> 
<p>According to recent news, the US government transferred approximately 4,000 BTC to the Coinbase exchange. There is no information on why this transfer occurred, and no explanation has been provided.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365447" src="https://coin-turk.com/wp-content/uploads/2024/06/abd-coinbase-btc-coin-turk-com.png" alt="" width="642" height="323"></p> 
<p>The US has often been associated with Silk Road BTCs, and such moves generally have significant impacts on BTC. After this transaction, the price started to fluctuate.</p> 
<h2 id="how-much-is-1-bitcoin">How Much is 1 Bitcoin?</h2> 
<p>At the time of writing, the BTC price dropped from $61,500 to $60,914, a 1.45% decrease.</p> 
<p>Looking at the 7-day view, BTC’s decline rate is nearly 6%, indicating a slight recovery. Recently, BTC dropped to almost $58,000 for the first time in a long period.</p> 
<p>In the last 30 days, BTC has seen an 11.2% decline. BTC’s market cap has approached the $1.2 trillion mark following the recent drop. The trading volume has decreased by 37.70% compared to yesterday, bringing it to $22.9 billion.</p> 
<p>It is unknown how the US government’s move will affect BTC, and whether the price will drop back to the $58,500 level is also uncertain.</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/us-government-moves-4000-btc-to-coinbase/" data-wpel-link="internal">US Government Moves 4,000 BTC to Coinbase</a></h5>

US Government Moves 4,000 BTC to Coinbase

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