Opinion: The U.S. Department of Justice may sell bitcoin against the president's will, putting pressure on bitcoin prices in the near future

Crypto 7x24

2025-03-10 12:20:01

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According to online reports, Bitcoin Magazine CEO David Bailey posted on social media,"If the U.S. Department of Justice has been rushing to liquidate Bitcoin held by the U.S. government within three months of obtaining court approval (against the president's will), then Bitcoin's recent price trend can be explained." It suggests that the government sell-off may be an important reason for the recent pressure on Bitcoin prices.

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