Questions surround the movement of Silk Road-related BTC holdings after over 30,000 BTC were reportedly shifted to various wallets. Valued at $1.984 billion, the transfer has left many wondering about the destination of the funds and their impact on the market. Reports also indicate a trial transfer from one of the wallets to Coinbase exchange.

BTC Price Continues Decline

BTC experienced a notable drop in price today, slipping below $65,000 from a high of $70,000 previously. As of writing, the price sits at $64,811 with a market capitalization of $1.28 trillion. The trading volume spiked by 56% to $48.3 billion, suggesting potential short-selling activities. Keeping an eye on BTC price movements is crucial for investors given its potential impact on the broader cryptocurrency market. This information was first shared on COINTURK NEWS.