The US government plans to liquidate a massive cache of 69,370 Bitcoins, valued at $6.5 billion, which they seized from the notorious Silk Road market. This large sell-off could be influencing Bitcoin's ongoing price drop, sparking concerns in the crypto community about market stability. Such a significant move by the government often causes ripple effects across the cryptocurrency space, leading to increased market volatility. The upcoming Bitcoin sale is being closely watched by investors.
