PeckShield published its findings on Twitter early Wednesday morning, and investors were quick to notice. In the hours after the report’s release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns caused bitcoin’s price to dip roughly 2%, pushing it below $22,000.
Related posts
-
Bitcoin (BTC) Price Dips to $55K as German Government Moves Another $500M of Assets
According to blockchain trading platform Arkham Intelligence, a Bitcoin address tagged as belonging to the German... -
Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?
The beginning of July has not been bullish for the Bitcoin and crypto market as earlier... -
Crypto experts divided on the next Bitcoin price action
Bitcoin price has lost momentum and entered a bear market over the past few weeks amid...