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US government plans to auction 6.5 billion dollars in Bitcoin

The US Department of Justice is set to auction $6.5 billion in Bitcoin seized from Silk Road, following a court ruling. Analysts speculate this move may be politically motivated, as the Biden administration could sell off government-held Bitcoin before Trump's presidency. Despite concerns that the auction could pressure Bitcoin prices, historical data suggests that government sales have had minimal lasting effects on the market, with Bitcoin prices surging 375% even as the government reduced its holdings.
Cointelegraph
USA Jason Williams Jan Happel Yann Allemann Show more
Finance & Economy, Market Report
16:38 09.01.2025

Bitcoin price surge predicted as traders eye 130000 milestone in 2025

Bitcoin rebounded to $95,880 on January 2, with traders predicting a surge to between $130,000 and $150,000 in the coming weeks. Analysts noted increased trading volume and bullish market sentiment, suggesting a significant breakout could occur soon as traditional finance returns to the crypto space.
Cointelegraph
Cole Kennelly Jason Williams Jelle Sels Show more
Finance & Economy, Market Report
09:27 02.01.2025
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