US Government Deposits $241 Million Bitcoin to Coinbase, Price Dips Below $61K

Bitcoin market dynamics are again in the spotlight as the US government transfers $241 million worth of Bitcoin to Coinbase. This recent move caused Bitcoin’s price to fall below the $61,000 mark. However, according to CryptoQuant CEO Ki Young Ju, market impact is expected to be minimal despite the significant transfer. “Coinbase Prime handled 20-49K

Source: CoinOtag