The U.S. government transferred $10.23 million in Bitcoin and Ethereum, potentially linked to crypto consolidation strategies.
The transfer follows a March 18 order by President Donald Trump to set up a Strategic Bitcoin Reserve, signaling a broader plan.
Bitcoin’s volume increased by 15% and Ethereum's rose by 12% after the transfer, causing market anxiety.
The U.S. government holds 198,012 BTC and 59,965 ETH, with the recent transfer potentially being part of an internal reorganization rather than a sell-off.