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Bitcoin Price Crash Imminent? US DOJ Receives Greenlight To Sell 69,370 BTC Worth $6.58 Billion Bitcoinist 09 Jan 2025

Bitcoin Price Crash Imminent? US DOJ Receives Greenlight To Sell 69,370 BTC Worth $6.58 Billion 📉

Bitcoin has experienced significant volatility, dipping below the $95,000 mark just after briefly surpassing $100,000. This instability in the market is further exacerbated by US Department of Justice's potential sale of 69,370 BTC, currently valued at $6.58 billion.

This move could potentially flood the market with Bitcoin, leading to a possible impending price crash. The market is keenly observing further developments, as this decision by the US authorities could have a profound impact on Bitcoin’s price trajectory in the near future.

Source: bitcoinist.com ↗

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