US Moves Confiscated BTC: What It Means for the Market and How to Protect Yourself with ALX Token
The U.S. government continues to actively dispose of confiscated cryptocurrency assets. According to Arkham Intelligence, 10,000 BTC (approximately $963 million) from addresses associated with Silk Road were transferred to Coinbase Prime.
What happened?
- In July 2024, the 29,800 BTC previously confiscated from darknet site Silk Road was distributed to two wallets.
- In August, 10,000 BTC went to Coinbase, with another 19,800 BTC remaining at two new addresses.
- On December 3, another batch of 10,000 BTC was sent to Coinbase again, which may indicate that it is preparing for a sale.
As a result of these transactions, the U.S. government currently controls approximately 96,097 BTC, equivalent to ~$19.6 billion, including other digital assets.
How does this affect the market?
The movement of large volumes of BTC is always a concern for investors. Such transfers can put pressure on the market, increasing the supply of bitcoins and provoking short-term volatility.
Experts warn that such events require enhanced asset protection, especially for private investors and traders whose portfolios are vulnerable to market fluctuations.
ALX token: your protection in the world of cryptocurrencies
ALX index token is an innovative solution to minimize the risks of cryptocurrency volatility.
Why is ALX the best choice?
- Volatility Hedging: The token includes a diversified set of crypto-assets, helping to reduce the impact of sharp market movements.
- Easy investing: With ALX, you get access to a balanced portfolio without spending time on complex market analysis.
- Technological reliability: Based on blockchain, ALX provides full transparency and control over investments.
- Flexibility: Suitable for both long-term investors and those who prefer active management.
The movement of confiscated BTC is a signal to all market participants: risk management is becoming more important than ever. The ALX index token provides you with a unique opportunity to protect your assets and take advantage of the benefits of the crypto market even under conditions of high uncertainty.
Join thousands of investors who have already chosen ALX! Start building your financial future with a reliable instrument.