A crypto wallet, allegedly tied to the U.S. government, has sent a number of Bitcoin (BTC) to a Coinbase Prime wallet, according to data from on-chain analysis platform Arkham Intelligence. This wallet currently holds 30.175 Bitcoin, equivalent to around $2 billion.
The latest move comes amid the bearish market, with Bitcoin dropping as low as $65,000, and it looks like BTC could go a lot lower. With a huge pump in early 2024, BTC may be in a position to fall into the $50,000 trading range for a while.
As reported, the wallet started moving 0.001 BTC earlier on Tuesday and another 1.999 BTC, worth around $139 million at current prices, to a Coinbase Prime address, within one hour, according to prominent crypto detective ZachXBT.
https://x.com/zachxbt/status/1775193016363356238?s=20
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