Bitcoin, Ethereum, Dogecoin Bottom Out As US Government Wallet Sends $240M BTC To Coinbase
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets are down as major governments liquidate Bitcoin holdings. Bitcoin, Ethereum, and Dogecoin see declines. Bitcoin Spot ETFs report net inflows, while Ethereum ETFs are expected to launch by July 4. Notable developments include German authorities selling seized Bitcoin and Argentinian President advocating for Bitcoin.
June 26, 2024 | 9:17 pm
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The U.S. government sent $240M worth of Bitcoin to Coinbase, contributing to a decline in cryptocurrency markets.
The large transfer of Bitcoin to Coinbase by the U.S. government is likely to increase selling pressure on the platform, contributing to the decline in Bitcoin prices and potentially affecting Coinbase's trading volumes and revenue.
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