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6.5 billion USD in Bitcoin could hit the market soon – will BTC fall to 10,000 USD?

The U.S. Government has authorized the sale of 69,370 BTC, seized from Silk Road, causing Bitcoin prices to drop by 2%, now at 93,522 USD. This sale reflects negatively on market sentiment, although it’s unlikely the BTC will be sold all at once due to certain legal procedures.

Judge Richard Seeborg has ruled against claimants seeking the BTC, allowing the DoJ to proceed. Bitcoin is down 3% this week and 4% for the month, though its yearly growth is 101%. President-elect Trump’s proposal for a U.S. Strategic reserve could positively impact BTC longer term.

Despite the uncertain future for BTC, traders have the opportunity to explore new tokens, such as Wall Street Pepe (WEPE), which offers potential growth. WEPE has raised 44.5 million USD and aims to launch a real-time trading intelligence platform. Investors may find diversifying into such tokens advantageous.

This is community-generated content, not advice from ONUS.
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