The U.S. government sent 833.6 Bitcoin to Coinbase Prime – Why this transfer matters

Share

The U.S. government transferred 833.6 Bitcoin, worth approximately $71.6 million, to Coinbase Prime, an institutional exchange platform. An additional 40,285 BNB, valued at about $31.6 million, was also moved through several addresses to another wallet. In total, this movement represents $103 million, but it constitutes only a small fraction of the U.S. government’s crypto portfolio, which controls roughly $28 billion in digital assets, including 324,000 BTC worth $27.7 billion. Bitcoin was trading at $83,771.18 at press time, down 2.6% in the past 24 hours, and high market volatility wiped out $544.33 million worth of leveraged positions held by 101,395 traders during the same period.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items