Bitcoin and other digital money were being sold a lot on Wednesday. This happened because the US government moved a lot of Bitcoin, worth hundreds of millions of dollars, to a different place. This made people scared and they sold their digital money. But, some people think that the US government moving the money is a good sign and that the price of digital money might go up soon. Read from source...
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Article's Topic: Cryptocurrency
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The article discusses the decline in leading cryptocurrencies after the U.S. government transferred half a billion dollars worth of seized Bitcoin out of its wallets. The market is in a state of "Fear" according to the Cryptocurrency Fear & Greed Index, indicating significant selling pressure. The CPI data was cooler-than-expected, but analysts predict that a rate cut by the Fed is approaching, which could lead to upward price action for Bitcoin.