Bitcoin's course decreased to $21 700 against the background of movement 40 000 BTC by the US authorities – Bits Media

US authorities moved about 40 000 BTC, Confiscated by cybercriminals. Of them 9 861 BTC, Silk Road seized from the founders of the Darknet market, were directed to the wallet of the Coinbase Exchange.

Against this background, the course of the first cryptocurrency continued to decrease - it seems, Traiders expect, what The American authorities will begin to sell the reserves of confiscated BTC. Bitcoin is now trading in $21 700 - The fall in the week was 7,5%. One of the analysts of Kaiko Conor Ryder (Conor Ryder) told:

“Moving confiscated by the founders of Silk Road BTC was almost certainly carried out with the aim of selling coins. Therefore, it is not surprising, that in the short term this could affect the Bitcoin course ".

Another reason for the reduction of crypto is the closure of Silvergate Bank. Many firms in the industry used its services, However, now many companies have refused to work with the bank. There were rumors about the possibility of restoring his work, However, the leadership decided to close Silvergate and return deposits to customers.