• 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

4 months 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

Share

Other news

Analyzing the Growth of Avalanche, Chainlink, and Web3 ai: Prospects for Crypto Investors

Exploring trends in the crypto industry through the growth of AVAX, the popularity of LINK, and the potential of Web3 ai for 2025.

user avatarGiorgi Kostiuk

a minute ago

Cryptocurrency 2025: Focus on Bitcoin, BNB, and Qubetics

In 2025, Bitcoin, BNB, and Qubetics attract attention through new technologies and market changes.

user avatarGiorgi Kostiuk

a minute ago

Latin American Stock Markets: From Government Intervention to Market Reforms

This article highlights significant changes in Latin America's stock markets and the results of reforms in the last two decades.

user avatarGiorgi Kostiuk

2 minutes ago

Polkadot Cools Off After 30% Rally, Attention Shifts to Memecoin XYZVerse

Polkadot's price declines after recent gains, with focus shifting to XYZVerse, which has raised over $13 million in the presale.

user avatarGiorgi Kostiuk

2 minutes ago

Starlink: Satellite Internet for African Nations

Starlink by SpaceX transforms internet access in SSA nations, showcasing high speeds and improving connectivity.

user avatarGiorgi Kostiuk

4 minutes ago

David Sacks on Effective Altruists' Impact on U.S. AI Development

David Sacks warns about effective altruists' threats to U.S. competitiveness in artificial intelligence.

user avatarGiorgi Kostiuk

4 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.