• 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

Celia Token Burn Successfully Completed

chest

Celia Token Burn Successfully Completed

user avatarZainab Kamara

Price Forecasts Indicate Stronger Momentum for XRP

chest

Price forecasts for XRP and Stellar suggest differing trajectories, with XRP expected to outperform Stellar by 2027.

user avatarNguyen Van Long

CELIA Token Distribution Now Active

chest

Celia Wallet team confirmed the start of CELIA token distribution on January 2, 2026, as points mined in December are converted into tokens.

user avatarAyman Ben Youssef

Celia Token Price Expectations Ahead of Listings

chest

Market analysts are predicting a potential price range for CELIA tokens ahead of listings, estimating between $0.30 to $0.45 per coin.

user avatarTando Nkube

Celia Wallet Officially Launches for Android Users

chest

The Celia Wallet app has officially launched for Android users, marking the project's entry into 2026.

user avatarSon Min-ho

Supply Dynamics and Inflation Trends Impact XRP and Stellar Outlook

chest

The supply metrics and inflation rates of XRP and Stellar reveal important structural differences that shape their market outlook.

user avatarSatoshi Nakamura

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.