The US will sell over $130 million in bitcoin linked to the Silk Road forfeitures

<p>The US has filed public notification that it'll be selling over $130 mn in bitcoin seized as part of Silk Road money laundering and drug trafficking crimes.</p><ul><li>notice lists two lots of bitcoin that the government plans to sell</li><li>first is roughly 2,800 BTC for around $129 mn</li><li>second is much smaller, 58 BTC for about $3 mn</li></ul><p>This is a drop in the bucket compared to the ETF related 'sell the fact'. For example:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/jp-morgan-predict-easing-selling-pressure-on-bitcoin-as-grayscale-profit-taking-stabilizes-20240126/" target="_blank" rel="follow" data-article-link="true">JP Morgan predict easing selling pressure on Bitcoin as Grayscale profit taking stabilizes</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.