DOJ approved sale of $6.5B in Bitcoin seized from Silk Road case, impacting crypto markets.

The U.S. Department of Justice has received approval to sell 69,370 Bitcoin, worth $6.5 billion, seized from the Silk Road case. Concerns over Bitcoin's price volatility have prompted the sale, which could impact the cryptocurrency market. El Salvador's President, Nayib Bukele, sees this as an opportunity for investors to buy Bitcoin at a lower price. The sale proceeds will likely fund law enforcement programs, while also drawing attention to the integration of cryptocurrencies into traditional financial systems.

2 months ago
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