• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How the U.S. Government's 69,000 BTC Sale Could Affect the Market

user avatar

by Giorgi Kostiuk

a year ago

The U.S. Department of Justice plans to sell 69,000 bitcoins, which could impact the cryptocurrency market. Experts are analyzing the situation to predict potential effects.

U.S. Planned Bitcoin Sale

The U.S. Department of Justice is preparing to sell 69,000 BTC, valued at over $6 billion. Experts are evaluating market data to comprehend the potential effects of this significant sale.

Comparison with Germany's Bitcoin Sale

In July 2024, the German government sold 56,000 BTC, which did not lead to a market collapse. Instead, the price of Bitcoin surged from $53,000 to $68,000, indicating that large-scale sales do not always negatively affect the market.

Temporary Effects of U.S. Government Sales

According to Glassnode analysts, the impact of the upcoming Bitcoin sale by the U.S. government will depend on which cycle phase the cryptocurrency market is in. Bitcoin's NUPL indicator is between 0.5 and 0.75, indicating a state of Euphoria/Greed. This suggests the effects of the sale may be temporary.

The U.S. government's Bitcoin sale will be a significant event for the crypto market. Experts continue to analyze data to assess possible impacts on price dynamics.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Apple Introduces New Leadership in Hardware Engineering

chest

John Ternus has been appointed as the new head of hardware engineering, overseeing both hardware and software design teams.

user avatarAndrew Smith

Apple to Refresh Mac Lineup with New Designs and Features

chest

Apple is set to introduce a significant update to its Mac lineup, including new MacBook Pros, MacBook Airs, and desktop options.

user avatarJacob Williams

Zcash Enhances Network Reliability with New Infrastructure

chest

Zcash enhances network reliability by deploying multiregion infrastructure across the US and Europe on January 8, 2026, following the DNS seeder shutdown.

user avatarZainab Kamara

Potential Implications for MicroStrategy from Strive's Model

chest

Strive Asset Management's recent announcement regarding perpetual preferred stock could significantly impact MicroStrategy, which is facing a $3 billion convertible debt burden by early 2025. Adopting Strive's model may help MicroStrategy avoid a liquidity crisis and improve its financial standing.

user avatarTando Nkube

Strive's Perpetual Preferred Stock Aims to Restructure Convertible Debt

chest

Strive Asset Management is issuing perpetual preferred stock to replace its convertible debt, enhancing financial flexibility and reducing future liabilities.

user avatarKofi Adjeman

Strive Asset Management Announces Perpetual Preferred Stock Issuance

chest

Strive Asset Management plans to issue perpetual preferred stock to enhance its financial stability and address the challenges of significant Bitcoin holdings.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.