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Recently, the total cryptocurrency market has fallen below $3.2 trillion, losing over $300 billion since January 6. Bitcoin (BTC) is currently above $92,000, showing a trend of higher lows since December 30.
Adding to the bearish sentiment, reports suggest the U.S. government has been given the greenlight to sell 69,370 BTC ($6.5B) from the Silk Road seizure. This raises political tension, as president-elect Donald Trump, set to take office on January 20, had promised not to sell any of the 187,236 BTC held by the U.S. government.
Recently, the total cryptocurrency market has fallen below $3.2 trillion, losing over $300 billion since January 6. Bitcoin (BTC) is currently above $92,000, showing a trend of higher lows since December 30.
Adding to the bearish sentiment, reports suggest the U.S. government has been given the greenlight to sell 69,370 BTC ($6.5B) from the Silk Road seizure. This raises political tension, as president-elect Donald Trump, set to take office on January 20, had promised not to sell any of the 187,236 BTC held by the U.S. government.
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