Rally

Wednesday

Bitcoin

Silk Road

April

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">After entering into an apparent rally following several days of decline and stagnation, the price of Bitcoin suddenly started dropping on the afternoon of Wednesday, April 26th. At the time of writing, the world’s largest cryptocurrency fell from close to $30,000 to just above $27,300 before slightly recovering. The move took place mostly within a single hour.</p> 
<figure class="wp-block-image aligncenter size-large">
 <img decoding="async" width="1024" height="617" src="https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11-1024x617.png" alt="Chart showing Bitcoin's dramatic fall to $27,300.
" class="wp-image-150964" srcset="https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11-1024x617.png 1024w, https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11-300x181.png 300w, https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11-768x463.png 768w, https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11-650x392.png 650w, https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11-360x216.png 360w, https://tokenist.com/wp-content/uploads/2023/04/BTCUSD_2023-04-26_22-20-11.png 1437w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Chart showing Bitcoin’s dramatic fall to $27,300.
  <br>Image courtesy of TradingView.
 </figcaption>
</figure> 
<h3 id="bitcoin-falls-from-nearly-30k-to-just-above-27k-in-a-single-hour">Bitcoin Falls From Nearly $30K to Just Above $27K in a Single Hour</h3> 
<p>After rising for most of Wednesday and even reaching above $30,000 at one point, Bitcoin suddenly started collapsing around 9 PM EST. The world’s largest cryptocurrency fell from about $29,700 to just above $27,300 within a single hour before reentering an upward move above $28,000.&nbsp;</p> 
<p>According to a rumor that emerged on crypto Twitter, an Arkham Alert was issued warning that the sudden price change started after US government and Mt. Gox-associated wallets started moving BTC. Neither of the moves would be entirely surprising as Mt.Gox wallets suddenly awoke earlier this week <a href="https://tokenist.com/bitcoins-dormant-addresses-awaken-mt-gox-linked-wallets-move-millions/" rel="dofollow" class="deco-link">and moved Bitcoin worth millions</a>, and the US government recently disclosed it is planning to sell assets seized from a Silk Road fraudster.</p> 
<p>According to a filing from late March, US authorities are in the process of executing the plan <a href="https://tokenist.com/us-government-selling-50k-silk-road-btc-in-5-rounds-in-2023/" rel="dofollow" class="deco-link">to offload just over 50,000 BTC</a> seized from an individual called James Zhong who in turn stole the cryptocurrency from Silk Road in 2012 using an exploit. The government already sold around 10,000 Bitcoin in mid-March but that move had no significant effect on the market.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="bitcoin-s-intermittent-2023-rally">Bitcoin’s Intermittent 2023 Rally</h3> 
<p>While the sudden fall shook the community and raised many eyebrows, it is worth remembering that, despite multiple setbacks, Bitcoin has been rallying for most of 2023. Already in January, the world’s largest cryptocurrency rose from around $16,000 to nearly $24,000.</p> 
<p>So far, BTC has been going from steady and significant rallies to slow and slight declines on an almost monthly basis but has already been <a href="https://tokenist.com/bitcoin-up-79-ytd-as-another-banking-crisis-looms/" rel="dofollow" class="deco-link">given two unexpected boosts</a>. After the crypto-friendly Silvergate Bank <a href="https://www.businesswire.com/news/home/20230308005795/en/" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">announced its liquidation</a> on March 8th, many were worried the event would signal the restarting of the “crypto winter” which weighed heavily on digital assets throughout 2022.</p> 
<p>The fears were proven mostly incorrect as Bitcoin, and many other cryptocurrencies, quickly entered into a sharp rally as investors decided to try and take refuge in digital assets. The rise took Bitcoin above $30,000 sparking a great deal of optimism about its future performance. While BTC again entered into a slight decline late last week, First Republic Bank’s <a href="https://ir.firstrepublic.com/static-files/013f57fb-b980-4353-bbb3-0e7a3b27f20a" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">disastrous Q1 report</a> on&nbsp; Monday again sent the world’s largest cryptocurrency soaring.&nbsp;</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><strong><em>What caused Bitcoin’s dramatic Wednesday drop? Tell us what you think in the comments below.</em></strong></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/">Bitcoin Collapses $2K+ as US Govt and Mt.Gox Wallets Allegedly Awake</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Bitcoin Collapses $2K+ as US Govt and Mt.Gox Wallets Allegedly Awake

目录

Tokenist

发布于 2023年4月26日的其他文章

The Untold Stories of Crypto Pioneers: How Early Adopters Shaped the Industry

Investors Move Towards Sparklo (SPRK) As Ripple (XRP) Sentiment Turns Bearish

Bitcoin breaks super important resistance, is BTC price poised to rise to $31,000? Report

Five Charged in Alleged Hydro Market Manipulation

The Bahamas to Enforce Stricter Crypto Rules Following the FTX Meltdown (Report)

Exploring the Challenges and Prospects of Meme Coins and NFTs in the Crypto Sphere

订阅我们免费的电子期刊，获取每日最新加密领域动态！