US Government Wallet Transfers $2.9M Worth of Bitcoin to Coinbase

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

In a notable development within the cryptocurrency sphere, a wallet reportedly associated with the US Government has executed a significant transfer. The wallet, identifiable by the address 3FMKrR…aguF, moved approximately 58.7 BTC, valued at around $2.9 million, to Coinbase. This substantial transfer has generated considerable buzz and speculation among cryptocurrency enthusiasts and analysts alike, who are eager to understand the motives behind this action. The movement of such a large amount of Bitcoin by a government-linked wallet could have far-reaching implications for the market, prompting widespread interest and scrutiny.