• 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

a year 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

NFT Market Participation Declines Sharply in December 2025

chest

December 2025 saw a significant decline in NFT market participation, with unique buyers dropping from 204,032 to 135,120 and sellers falling below 100,000 for the first time since April 2021, indicating a broader market slowdown.

user avatarMohamed Farouk

NFT Market Valuation Falls to $25 Billion in December 2025

chest

NFT market valuation fell to $25 billion in December 2025, a 72% decline from its peak of $92 billion in January.

user avatarBayarjavkhlan Ganbaatar

ZEC Emerges as Top Gainer Among Large Cap Altcoins

chest

ZEC has emerged as the top performer from the large cap altcoins, surging by more than 9% to almost 450.

user avatarElias Mukuru

Bitcoin Faces Rejection at 88K After Modest Recovery

chest

Bitcoin attempted to recover to 88,000 but faced rejection and is now trading below that level.

user avatarDiego Alvarez

Centralization Risks Loom for Solana with Fewer Validators

chest

Recent discussions within the Solana community highlight the risks associated with a declining number of validators, warning that a significant drop could lead to severe centralization and security risks for the network.

user avatarAndrew Smith

Uniswap Governance Proposal Receives Overwhelming Community Support

chest

Uniswap's governance proposal, set to activate in December 2025, has garnered nearly unanimous support from the community, with significant changes planned for tokenomics and governance.

user avatarKenji Takahashi

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.