Did the U.S. government just trigger a Bitcoin crash?
Despite the relatively overwhelming optimism about Bitcoin’s (BTC) prospects in 2025, with prominent price targets for the cryptocurrency ranging from $175,000 to above $800,000, it started the year with relative weakness. A recently unveiled court filing, dated December 30, 2024, might have offered some insight into the recent downward pressure. Specifically, Judge Richard Seeborg denied a motion to temporarily suspend permission granted to the Department of Justice (DoJ) to offload 69,000 BTC, Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH), and other related assets seized by the government from the illicit Silk Road marketplace and valued at approximately $6.5 billion Picks for you Clay Higgins net worth revealed: How rich is the Louisiana representative? 19 mins ago ...