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U.S. DOJ may be selling Silk Road Bitcoin holdings, Bitcoin Magazine CEO suggests

David Bailey, CEO of Bitcoin Magazine, speculates that the U.S. Department of Justice has started liquidating some of the 69,370 Bitcoin seized from Silk Road, following a December 2024 court ruling. This could impact Bitcoin prices, which fell to 80,052 USD on March 10, 2025.

Experts suggest that while DOJ sales may affect Bitcoin short-term, broader economic factors such as inflation and bond movements are significant drivers of market fluctuations. Upcoming economic indicators could further influence Bitcoin’s price direction.

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