Bitcoin retreated from a six-week high as traders shift their focus to speculation the US may sell seized tokens just days after Donald Trump pledged to create a government stockpile of the cryptocurrency if elected president again.
The US moved $2 billion of Bitcoin to a new digital wallet address on Monday, the blockchain research firm Arkham said in a post on the X social media platform. Market analysis firms speculated that the tokens are from the Silk Road marketplace, where customers used virtual currencies to buy illegal drugs and hacker tools before it was shut down.
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Muyao Shen
https://www.bloomberg.com/news/articles/2024-07-29/bitcoin-btc-hits-six-week-high-in-wake-of-trump-s-pro-crypto-speech
2024-07-29 07:00:00
