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

US DOJ Approved BTC Sale: Should the Market Be Concerned?

user avatar

by Giorgi Kostiuk

3 months ago


The US Department of Justice has received approval to liquidate 69,370 BTC seized in the Silk Road case, causing concern in the crypto market.

DOJ's Plans

The US Department of Justice plans to sell 69,370 bitcoins that were seized in connection to the Silk Road case. This news has stirred unease among market participants, but experts emphasize that the sale is likely to be conducted to minimize market impact.

James Van Straten's Analysis

Market analyst James Van Straten argues that fears of a dramatic impact on Bitcoin's price may be overblown. He noted that any sale is likely to be gradual to reduce market shocks.

If the Justice Department were to sell this Bitcoin, it would likely be done in a manner that minimizes market disruption.James Van Straten

Historical Parallels

Van Straten also highlighted the market's ability to absorb large amounts of Bitcoin. A similar situation occurred in 2023 when the German government sold around 50,000 BTC. Even after the sale, 25,000 BTC were retained.

Despite the DOJ's plans to sell BTC, analysts believe the market will adapt and react with minimal long-term effects.

0

Share

Other news

Japanese Firm Enish Co. Buys Bitcoin for 100 Million Yen

Enish Co. acquires Bitcoin to diversify assets and strengthen blockchain gaming capabilities.

user avatarGiorgi Kostiuk

2 minutes ago

Crypto Market in Romania 2025: Culture, Regulation, and Trends

Exploring the development of the crypto industry in Romania in 2025: adoption, regulation, and key trends.

user avatarGiorgi Kostiuk

2 minutes ago

Ultra and NOIA Capital: $12M for Gaming Platform Expansion

Ultra secures $12M from NOIA Capital to enhance its blockchain gaming platform.

user avatarGiorgi Kostiuk

3 minutes ago

Market Analysis: Bitcoin Nears a Key Level

MakroVision assessed Bitcoin's price, indicating a potential trend change.

user avatarGiorgi Kostiuk

3 minutes ago

Story, EOS, and Litecoin: Market Analysis Amid Volatility

Impact of the global economy on Story, EOS, and Litecoin: trends and price forecasts.

user avatarGiorgi Kostiuk

3 minutes ago

XRP: Price Forecast and Key Levels to Watch

Current XRP market state and analysis of key levels and indicators affecting the price.

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.