According to DB News, the U.S. government has been granted clearance to liquidate 69,370 BTC seized from the Silk Road marketplace following a federal judge's ruling on Dec. 30.

A federal judge approved the U.S. Department of Justice (DOJ) to sell $6.5 billion in Bitcoin acquired from the Silk Road darknet.

News is circulating that the United States government has been given clearance to liquidate a huge stash of Bitcoin, but it may have already been sold.

U.S.-based entities now control 65% more Bitcoin reserves than their non-U.S. counterparts, according to data from CryptoQuant. The post U.S. Entities Hold 65% More Bitcoin Reserves Than Non-U.S. Entities appeared first on Cryptonews.

The cryptocurrency market displayed mixed sentiments today as the global market cap dropped by 1.70%, settling at $3.31 trillion. Trading volumes also took a hit, falling 4.71% in the past 24 hours to $165.14 billion.

After Bitcoin (BTC) dropped below $100K on Tuesday, top altcoins, including XRP price, suffered a fatal crash. To make matters worse, unconfirmed reports suggest that the US Department of Justice (DoJ) is cleared to sell $6.5 billion BTC.

Bitcoin holders have been offloading their spot Bitcoin ETF shares as the asset dipped to $92,500 and remains below $95,000.

The world continues to embrace Bitcoin [BTC], the cryptocurrency is no longer just a speculative asset. Nations are increasingly exploring its potential as a complement to traditional reserves like gold.

In November 2024, the US inflation rate grew sharply from 2.6% to 2.7%. In May 2020, it was just 0.1%. In June 2022, it touched a peak of 9.1%. This inflation pattern has adversely affected the value of the US dollar. Inflation, thus, is something that determines the quality of life a working-class professional leads.

The U.S. government has been allowed to liquidate a total of 69,370 Bitcoins that were seized from the now-defunct Silk Road marketplace.

Since December 2024, institutional Bitcoin holders have been purchasing significant amounts of the cryptocurrency, buying more than 34,000 BTC, worth approximately $3.2 billion.

Bitcoin has faced severe selling pressure after briefly reclaiming the $100K mark, only to lose it in under three days. The swift reversal has left investors on edge as BTC now struggles to find stability around the $95K level.

Bitcoin's value could surge to $200,000 during the 2025 market cycle, according to KULR Technology Group, a company that recently invested heavily in the cryptocurrency.

The US DOJ received approval to sell 69,370 Bitcoin worth $6.5B, seized from Silk Road, following a federal judge's Dec. 30 ruling. The post US Govt Cleared to Liquidate 69K BTC Worth $6.5B Seized from Silk Road: Report appeared first on Cryptonews.

Bitcoin's price fell to $92,500 on Jan 7 after briefly surpassing $100,000 earlier that day, marking its first breach of the psychological milestone since Dec 19.

The US govt has dumped a massive 69,370 Bitcoins, worth a massive $6.7 billion, seized from the popular darknet marketplace Silk Road. This comes as the US Department of Justice (DoJ) approved clearing the prolonged dispute of BTC claims by Battle Born Investments.

The crypto gains of 11% in early 2025 came to a halt and the market saw yet another bloodbath dropping 5% this week with Bitcoin, Ethereum, and XRP taking a sharp decline. The crypto fall came after, the U.S.

Bitcoin has recently made waves in the financial world by surpassing the performance of traditional equity markets, notably outpacing the S&P 500 in early January 2025. As of the latest data, Bitcoin (BTC) has been trading at around $100,839, reflecting a 1.39% increase in the past 24 hours and a 7.16% rise over the last seven days.

Large Bitcoin holders are accumulating billions in BTC after a significant price correction, signaling renewed confidence and recovery potential for the cryptocurrency.

The crypto market remains in bearish territory today, with Bitcoin dipping below the $95K mark, dragging down major altcoins. The global market cap has decreased by about 2%, bringing it to $3.33 trillion. The total crypto market volume over the last 24 hours is $167.5 billion, reflecting a 1.41% decrease.

Bitcoin mining reached unprecedented milestones in 2024, but not without encountering significant challenges. A new report, sponsored by Nicehash and authored by Digital Mining Solutions and Bitcoinminingstock.io, delves deep into the evolution of the industry.

Could Bitcoin rival gold in global reserves?

Bitcoin (BTC) price has continued to validate short-term bearish sentiment after sliding below $95k on Wednesday, during the mid-morning of the New York trading session. The flagship coin has experienced a significant decline in bullish momentum since mid-November.

The share of US entities' bitcoin reserves soared between last September and December, during which Donald Trump was reelected as President.

SpaceX and Tesla CEO Elon Musk, who now advises the incoming president Donald Trump, warned on Tuesday that the new government in Washington could slow the growth of Bitcoin prices.

The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report. What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.

The rapid advancements in quantum computing which sparked growing concerns within the cryptocurrency sector late last year, particularly regarding Bitcoin's long-term resilience seem to have once again resurfaced. CryptoQuant, an on-chain data analytics platform, recently highlighted these risks in a series of posts on X titled “Quantum Computing is a Growing Risk for Bitcoin”.

Anthony Pompliano shares a different perspective on Bitcoin. According to the CEO of Professional Capital Management, Bitcoin is creating a novel position in the investment sector.

Economic collapse is here, warns Rich Dad Poor Dad author Robert Kiyosaki, urging investors to seize assets like bitcoin as markets crash.

Mark Cuban's crypto confidence reflects a broader shift toward Bitcoin adoption.

XRP price is holding the ground above $2.25 despite pressure on Bitcoin. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance.

Oklahoma bill aims to integrate Bitcoin into everyday transactions. Oklahoma State Senator Dusty Deevers has filed the “Bitcoin (BTC) Freedom Act” (SB325), which might signal a key step toward incorporating cryptocurrencies into conventional financial systems in the state.

Crypto market today remains in bearish territory as Bitcoin dipped below the $95K mark. Major altcoins followed the downtrend, with several tokens trading in the red.

“If Washington D.C. can ruin something, it likely will.

Ripple's RLUSD & XRP-Spot ETFs: Monica Long outlines RLUSD growth, stablecoin use cases, and hopes for XRP-spot ETFs amid SEC developments.

Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level.

The sale of seized Bitcoin could impact cryptocurrency markets and set precedents for handling digital assets in legal contexts. The post DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road appeared first on Crypto Briefing.

Donald Trump launched his first Bitcoin-based NFT collection, “Trump Bitcoin Digital Trading Cards,” using the Ordinals protocol, releasing 160 NFTs initially.

Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they're now back to buying with it below $100,000, says Blocktrends' Cauê Oliveira.

Bitcoin (BTC) saw a dramatic decline today, with its price falling close to $96,000, triggering a broader pullback in the cryptocurrency market. The sharp drop sent Bitcoin below its key support levels, and other major cryptocurrencies, including Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE), followed suit with significant losses.

A former executive of the world's largest cryptocurrency exchange expects that Bitcoin could soar higher than the $100,000 level. Former Binance CEO Changpeng Zhao believes that the firstborn cryptocurrency is capable of hitting a higher price point, following its brief recovery to $100,000 on Tuesday.

Donald Trump's latest NFT collection, called “Trump Bitcoin Digital Trading Cards,” has launched its first batch of 160 pieces on the Bitcoin network using the Ordinals protocol.

Public companies increasingly adopt Bitcoin as a treasury asset, with institutional investors gaining regulated access through spot ETFs, marking a shift from retail to corporate ownership.

Canaan, a bitcoin application-specific integrated circuit (ASIC) mining rig manufacturer, unveiled the Avalon Mini 3 and Avalon Nano 3S, bitcoin mining devices that also function as home heaters, at CES 2025 in Las Vegas.

The altcoin market cap has been in a strong uptrend. The positive performance of Cardano and the others is likely to continue in the coming weeks.

The Kobeissi Letter reported that Open Interest in Bitcoin futures contracts on the CME hit a record of 51,000. According to the market analyst, CME's surge in open interest in Bitcoin futures coincided with the launch of spot Bitcoin ETFs last year.

Oklahoma State Senator Dusty Deever has introduced the Bitcoin Freedom Act (SB325). This bill seeks to allow citizens to escape the existing financial systems as prices continue to soar.

After an intense selloff earlier this week, Bitcoin (BTC) whales are likely fueling a rebound in the broader crypto market. Now in consolidation, the market might face a potential breakout if ongoing acquisition from BTC whales translates into a short-term price rally.