US government moves $470 million in seized crypto to Coinbase wallets, raising Bitcoin sale questions

politics

The U.S. government moved roughly $470 million in seized cryptocurrency to wallets associated with Coinbase, prompting speculation that the assets could be sold. The transfer alone does not confirm a sale, and the reported total includes crypto beyond Bitcoin. Any eventual Bitcoin liquidation could add selling pressure, but its market impact depends on how much Bitcoin is involved and whether it is actually sold.

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