Bitcoin Price Falls Below $600 as US Government Prepares for 30,000 BTC Selloff
The price of bitcoin on the CoinDesk US Bitcoin Price Index (BPI) declined on 12th June to a low of $568.87 after reaching a high of $634.38. The dramatic price swing, however, was followed by a slight recovery to $582.29 at press time. The price decline began at 13:00 (UTC) before accelerating sharply at 19:00, dropping from $616 to the day's low. However, by 22:30, USD bitcoin prices rallied to $592.77 before declining again to press time levels. The decline coincided with the US Marshall Service's announcement it will beinitiating an auction of 30,000 BTC confiscated from the infamous....
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