Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 203
    CryptoMarketNewsSponsored Article

    Missed Dogs? This Cat’s Stage 5 Is Ending—4453.17% ROI Still on the Table

    What if the next 100x meme coin isn’t barking—but purring? The meme…

    By
    Benedikt Krüger
    May 24, 2025
    image 199
    CryptoMarketNewsSponsored Article
    Best Cryptos to Stake: As Bitcoin Surges, Troller Cat’s Final Hours at $0.00001166 With 69% APY as Dogecoin and AI Companions Catch Fire
    May 23, 2025
    Stablecoin Wars: US Banks Take on Tether With Their Own Token
    NewsCryptoMarket
    Stablecoin Wars: US Banks Take on Tether With Their Own Token
    May 23, 2025
    Pi Network Faces Liquidity Crisis After 102M Exit
    NewsCrypto
    Pi Network Faces Liquidity Crisis After 102M Exit
    May 23, 2025
    Ripple Just Unlocked MiCA Compliance for Euro Payments
    NewsCryptoMarket
    Ripple Just Unlocked MiCA Compliance for Euro Payments
    May 23, 2025
  • Cryptocurrency
    image 203
    Missed Dogs? This Cat’s Stage 5 Is Ending—4453.17% ROI Still on the Table
    10 Min Read
    image 199
    Best Cryptos to Stake: As Bitcoin Surges, Troller Cat’s Final Hours at $0.00001166 With 69% APY as Dogecoin and AI Companions Catch Fire
    9 Min Read
    Stablecoin Wars: US Banks Take on Tether With Their Own Token
    Stablecoin Wars: US Banks Take on Tether With Their Own Token
    7 Min Read
    Pi Network Faces Liquidity Crisis After 102M Exit
    Pi Network Faces Liquidity Crisis After 102M Exit
    6 Min Read
    Ripple Just Unlocked MiCA Compliance for Euro Payments
    Ripple Just Unlocked MiCA Compliance for Euro Payments
    7 Min Read
    Cardano price prediction
    Cardano’s Big Comeback: $1 Breakout in Sight?
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: U.S. Government Moves 10,000 BTC: What’s Shaking the Crypto Market?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > U.S. Government Moves 10,000 BTC: What’s Shaking the Crypto Market?
CryptoMarketNews

U.S. Government Moves 10,000 BTC: What’s Shaking the Crypto Market?

U.S. governments movement of 10000 Bitcoin on the crypto market. The design includes a glowing Bitcoin symb
Alessia Moretti
Last updated: December 3, 2024 11:43 am
By
Alessia Moretti
Published December 3, 2024
3 Min Read
Share

The crypto market has been abuzz after the U.S. government transferred 10,000 Bitcoin (BTC) linked to the Silk Road case, worth approximately $963 million. This move coincided with Bitcoin retreating from its recent high of $97,000 back to the $95,000 level, causing speculation and shifts in short-term market sentiment.

Contents
Increased Institutional Demand for BitcoinFederal Reserve Adds Uncertainty to the MarketsVolatility and Changing Sentiments

Increased Institutional Demand for Bitcoin

Despite the market fluctuations, institutional interest in Bitcoin continues to strengthen. Spot Bitcoin ETFs saw inflows of $350 million in a single day, reflecting a growing appetite for Bitcoin as a reserve asset.

In addition, MARA Holdings, a leading Bitcoin mining firm, revealed it had purchased $618 million worth of BTC over the past two months. This positions MARA alongside MicroStrategy as one of the largest corporate holders of Bitcoin.

Other mining companies, such as Riot Platform, are adopting similar strategies, halting Bitcoin sales to accumulate more assets. Meanwhile, reports of Microsoft potentially entering the Bitcoin market have fueled further excitement among institutional investors.

QCP Capital 768x674 1
U.S Government

Federal Reserve Adds Uncertainty to the Markets

The broader financial markets remain under the influence of the Federal Reserve, as the S&P 500 hit its 54th record high of the year. However, the upcoming Fed meeting on December 17-18 introduces an element of uncertainty.

The Fed is widely expected to implement a 25 basis point interest rate cut, marking its third reduction in 2024. While several Fed officials have voiced support for lower borrowing costs, they’ve emphasized the decision will hinge on economic data.

If the rate cut materializes, it could have significant implications for Bitcoin, altcoins, and other risk-on assets, potentially spurring renewed interest in the crypto market.

Volatility and Changing Sentiments

The movement of 10,000 BTC by the U.S. government has shifted volatility dynamics in the options market, with a noticeable lean towards selling pressure. This development reflects changing expectations in the crypto market, emphasizing the need for investors to remain vigilant.

With institutional interest surging and macroeconomic factors in flux, Dey There will continue to monitor the evolving landscape and provide insights into the potential impact on Bitcoin and the broader market.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Brazil Combats Crypto Crimes with AI Tools, Seizes $9 Billion in Illicit Funds

BTFD Coin Runs with the Bulls as Turbo Coin and Book of Meme Rally: Best New Meme Coins to Buy Now

Chaos Labs Secures $55M Amid Surging Demand for DeFi Risk Management

Best Meme Coins to Buy Now: BTFD Sells Over 16B Coins in a Week as Pepe Coin and Ponke Seek Bullish Momentum

Popular Altcoin Announces Partnership with Google: Price Reacts!

TAGGED:Bitcoincrypto market volatilityFederal Reserveinstitutional demandU.S. government

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article Coinbases stance against anti crypto practices. The design features the Coinbase logo prominently alongside a glowing Bitco Coinbase CEO Criticizes Anti-Crypto Legal Firms: “Ethics Violated!”
Next Article image 14 Qubetics Raises Over $4.2 Million in Blazing Presale, Binance Is Stable, and Fantom Faces an 8% Increase
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)