US Gov moves $244M in BTC to Coinbase
The US government has transferred 3,940 BTC (worth roughly $243.9 million) along with over 30,014 ETH to Coinbase Prime. The funds originate from various high-profile seizure cases. While government-linked movements usually spark fears of mass sell-offs and drive short-term price fluctuations, analysts suggest this transfer might simply be for secure asset consolidation rather than immediate liquidation.
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