U.S. Authorities’s $1B Bitcoin Switch Spooks Traders, Bitcoin Dips

PeckShield revealed its findings on Twitter early Wednesday morning, and traders had been fast to note. Within the hours after the report’s launch, traders expressed their fears that authorities would promote the recovered bitcoin on the open market, doubtlessly tanking the worth of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The considerations prompted bitcoin’s worth to dip roughly 2%, pushing it under $22,000.