US Government Moves $4M Bitcoin to Coinbase, Arkham Data Show

An address labeled “US Government: Ryan Farace Seized Funds” moved Bitcoin (BTC) worth nearly $4 million to Coinbase, according to Arkham Intelligence. The potential selling pressure represents less than 1% of BTC’s 24-hour trading volume. The US government transferred 58.742 bitcoin {{BTC}}, worth nearly $4 million, to Coinbase (COIN) on Monday, according to data tracked

Source: Bitcoin World