U.S. Government’s $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips

PeckShield revealed its findings on Twitter early Wednesday morning, and traders have been fast to note. Within the hours after the report’s launch, traders expressed their fears that authorities would promote the recovered bitcoin on the open market, doubtlessly tanking the value of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The issues prompted bitcoin’s worth to dip roughly 2%, pushing it beneath $22,000.