• 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

Kiyosaki's Bitcoin Investment Strategy Revealed

chest

Robert Kiyosaki revealed his Bitcoin investment strategy, including selling $225 million worth of Bitcoin in late 2025 amid market fluctuations.

user avatarAisha Farooq

Robert Kiyosaki Declares Bitcoin Superior to Gold

chest

Robert Kiyosaki expresses his preference for Bitcoin over gold, citing its fixed supply and engineered scarcity.

user avatarAisha Farooq

Coinbase Introduces Agentic Wallets for AI Agents

chest

Coinbase introduces Agentic Wallets, a new payments infrastructure designed to improve security for AI agents handling digital transactions.

user avatarTenzin Dorje

Market Analysts Project Potential Recovery for Shiba Inu

chest

Market analyst Crypto GVR predicts a potential price recovery for Shiba Inu, targeting higher levels in the near future.

user avatarBayarjavkhlan Ganbaatar

Shiba Inu Developer Urges Focus on Ecosystem Amid Price Decline

chest

Shiba Inu's lead developer urges investors to focus on long-term goals and ecosystem development amid price decline.

user avatarMohamed Farouk

Analysts Uncover Complex Factors Influencing Bitcoin Pricing

chest

Analysts highlight the multifaceted factors influencing Bitcoin's price, emphasizing the interaction between the halving cycle and macroeconomic indicators.

user avatarElias Mukuru

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.