The US government has once again dumped $4 million worth of Bitcoin, raising concerns about a potential selloff in the near future. This recent move follows significant sell-offs by both the US and German governments, which have put downward pressure on the cryptocurrency’s price and jeopardized its recent gains. While the amount transferred this time is relatively small, it has ignited speculation about the possibility of more sell-offs in the days ahead.
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US Govt Dumps $4M In Bitcoin Again, Another BTC Selloff Ahead?
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.