Bitcoin has experienced significant volatility, dipping below the $95,000 mark just after briefly surpassing $100,000. This instability in the market is further exacerbated by US Department of Justice's potential sale of 69,370 BTC, currently valued at $6.58 billion.
This move could potentially flood the market with Bitcoin, leading to a possible impending price crash. The market is keenly observing further developments, as this decision by the US authorities could have a profound impact on Bitcoin’s price trajectory in the near future.
Source: bitcoinist.com ↗