$130M Silk Road Bitcoin Stash To Be Sold By US Government
Summary
The US government plans to auction off $130 million worth of Bitcoin seized from Silk Road. Grayscale continues to transfer significant amounts of Bitcoin to Coinbase, contributing to selling pressure. Market expert Adam Cochran suggests a sentiment reset and a potential drop to $28,000-$32,000 range for ideal buying opportunities. BTC is currently trading at $39,800, up 0.6% in the past 24 hours and down over 14% in the past fourteen days.
