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Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

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Bitcoin: Department Of Justice Cleared To Sell $6.5 Billion BTC

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The US Department Of Justice (DOJ) has been cleared to sell 69,300 Bitcoin (BTC) worth nearly $6.5 billion. The BTC was seized from Silk Road, the now defunct dark web black marketplace. Also Read: Microsoft (MSFT) Gets $650 Target as Analysts Project Historic 2025 JUST IN: DOJ cleared to sell $6.5 billion worth of Bitcoin from seized Silk Road assets. — Watcher.Guru (@WatcherGuru) January 9, 2025 How Was The DOJ Cleared To Sell The Seized Bitcoin? Source: Watcher Guru The ownership dispute of the $6.5 billion worth of BTC was ongoing for years between the DOJ and Battle Born Investments. Battle Born lost its bid to delay the sale. According to Battle Born’s attorney, the development is “ another egregious example of the DOJ’s abuse of the Civil Asset Forfeiture process. “ The DOJ cited Bitcoin’s (BTC) price volatility as its reasoning for selling the seized assets. According to a DOJ spokesperson, “ The Government will proceed further consiste...