Amid the recent surge in the crypto market, optimism appears to be well-founded. Still, there are a few days this year when a sharp Bitcoin price drop can be anticipated.

The likelihood of the US government selling BTC it confiscated on the days explained below could add pressure to the leading crypto.

Mark Your Calendars: Potential Bitcoin Price Drop

Over the years, the US government has repeatedly seized Bitcoin from criminal organizations. It has now been revealed that it plans to sell these BTC this year, specifically on four separate occasions.

The first batch, consisting of nearly 10,000 BTC, was sold on March 14 this year, with a total value of $215 million. On that day, there was also a significant drop in the exchange rate.

In total, the US government plans to release 41,500 BTC into the market this year.

An analyst and frequent writer at CryptoQuant provided the exact dates for the sale of the remaining four portions:

• May 26
• August 7
• October 19
• December 30

Go to Source to See Full Article
Author: BeInCrypto Team

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