US Government Moves $103 Million in Crypto to Coinbase
The US government has made a significant cryptocurrency transfer, moving 833.6 BTC worth $71.56 million directly into Coinbase Prime. Additionally, it transferred 40,285 BNB worth $31.63 million through multiple transactions to the 0xBE7...81E wallet. The total value of these transfers amounts to approximately $103 million.
The government’s address still holds a substantial amount of assets, primarily anchored by 324,000 BTC valued at $27.7 billion, bringing the total controlled assets to $28 billion.
In terms of market activity, Bitcoin is currently trading at $85,475.15, holding above the EMA50 support level at $84,976.27 and well above the EMA200 at $81,968.1. However, the MACD death cross at 222.6 signals fading momentum, while the RSI at 50.91 remains neutral within the Bollinger Bands, with resistance at $86,556.13 and support at $84,676.22. This suggests a potential test of the 50-EMA before any further upward movement in the crypto market.