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Bitcoin Braces for Further Downside as US Government Prepares to Unload Silk Road Holdings

  • The US government is preparing to auction off 69,370 bitcoins seized from the Silk Road marketplace.
  • The market fears that this massive influx of cryptocurrency could lead to a significant drop in Bitcoin's value.
  • Experts believe that a sudden sale of this magnitude could trigger panic selling and market fluctuations.
  • The sale's impact could extend beyond Bitcoin's price, potentially affecting institutional investors and the DeFi ecosystem.

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