Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Optimism [OP] breaks $0.85 neckline — Here’s what it means for the traders

May 11, 2025

XRP Price Flashes Death Cross From 2017 That Could Trigger 325% Rally To $9

May 11, 2025

What’s the Best Crypto to Buy Now? It’s Not BTC, ETH, or XRP — It’s Priced at Just $0.025

May 11, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

US Government Transfers $13.7M in Seized Bicton: What’s Happening

0
By on July 4, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post US Government Transfers $13.7M in Seized Bicton: What’s Happening appeared first on Coinpedia Fintech News

A recent X post shared by a user named PeckShieldAlert has stirred the entire crypto community. The post discusses a suspicious BTC transfer from a wallet that is connected to US government law enforcement.

Let’s try to decode the mystery of this uncommon transfer! Ready? 

Suspicious Bitcoin Transfer from US Govt Wallet: What We Know Now? 

What we know about the transfer right now is from the information shared by the X post, which also shares a screenshot of the transfer to justify its claims. As per the post, around 237 Bitcoins, valued at $13.7 million, were transferred from the US Government-related wallet to a new address. The transfer is suspicious and unusual because the wallet in question is known for holding funds seized by US law enforcement.  

#PeckShieldAlert 237 $BTC (worth ~$13.7m) from a wallet related to US Government law enforcement seizures has been transferred to a new address bc1qvc…n257 pic.twitter.com/8sXFV7V9P5

— PeckShieldAlert (@PeckShieldAlert) July 4, 2024

The authorities are yet to make a public statement about the transfer. The reason for the transfer is unclear right now. 

Impact of the Transfer in the Bitcoin Market

As you all know, right now, the Bitcoin market is not in a good position. Today, it has touched a two-month low. When this article was written, the price of BTC stood below the support of $58,000. In the daily candlestick chart of Bitcoin, we see three consecutive red candlesticks, with a long body. At present, the price is $57,042. In the last seven days, it has seen a fall of 3.6%. On June 28, the price was around $60,300. On July 1, it recorded a weekly peak of $62,831. A severe drop of 14.7% has been witnessed in the last 30 days. On June 5, the price saw a monthly peak of $71,041. Since then, the price has been consistently weakening. Though it made several attempts to recover from the downtrend this week, especially on June 30 and July 1, it could not sustain the severe selling pressure that emerged in the last three days.       

Right now, it is not wise to assume that the suspicious BTC transfer from the US government law enforcement-related wallet has made a huge impact on the crypto market. Whether the transfer can make any impact is yet to be seen.  

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Optimism [OP] breaks $0.85 neckline — Here’s what it means for the traders

May 11, 2025

XRP Price Flashes Death Cross From 2017 That Could Trigger 325% Rally To $9

May 11, 2025

What’s the Best Crypto to Buy Now? It’s Not BTC, ETH, or XRP — It’s Priced at Just $0.025

May 11, 2025
Leave A Reply Cancel Reply

What's New Here!

Optimism [OP] breaks $0.85 neckline — Here’s what it means for the traders

May 11, 2025

XRP Price Flashes Death Cross From 2017 That Could Trigger 325% Rally To $9

May 11, 2025

What’s the Best Crypto to Buy Now? It’s Not BTC, ETH, or XRP — It’s Priced at Just $0.025

May 11, 2025

YAK COIN: The Rise – The Meme Coin That Throws Up, Then Blows Up

May 11, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.