Bitcoin [BTC] FUD takes centre stage as Uncle Sam makes a move

U.S. government-seized Bitcoin holdings started to move, causing FUD Short-term holders declined while long-term holders stayed put Over the last few years, the U.S. government has accumulated massive amounts of BTC for law enforcement purposes. This BTC, for the most part, has remained dormant throughout the time it was being held by the U.S government. […]

The amount of Bitcoin which is on the move is estimated to be around 40k BTC. Out of the aforementioned volume, 9,861 BTCs were seized from the Silk Road hacker and have been sent to a Coinbase cluster.This behavior of the U.S. government has led many members of the crypto-community to speculate on what this could mean for Bitcoin. Many users are under the

that the U.S. government will be selling these BTC holdings, negatively affecting the value of the cryptocurrency in the process.At press time, the overall weighted sentiment around Bitcoin was slightly positive. However, if the FUD continues to spread, things might take a turn for the worse and the selling pressure on BTC holders would end up increasing.has been on the rise, long-term holders are less likely to be affected.

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