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

PeckShield published its findings on Twitter early Wednesday morning, and investors were quick to notice. In the hours after the report’s release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns caused bitcoin’s price to dip roughly 2%, pushing it below $22,000.