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US Government Transfers 15,940 BTC to Coinbase Prime, Impact on Bitcoin Price | Flash News Detail | Blockchain.News
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8/15/2024 6:27:40 AM

US Government Transfers 15,940 BTC to Coinbase Prime, Impact on Bitcoin Price

US Government Transfers 15,940 BTC to Coinbase Prime, Impact on Bitcoin Price

According to Lookonchain, the US Government transferred 15,940 BTC, valued at $966.4 million, to Coinbase Prime in three transactions this year. Notably, within three days following the first two transfers, the price of Bitcoin dropped by approximately 5%. This pattern could indicate potential market reactions to large government transactions.

Source

Lookonchain

@lookonchain

Looking for smartmoney onchain