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Wednesday, March 22, 2023

Nw: U.S. Authorities’s $1B Bitcoin Switch Spooks Investors, Bitcoin Dips

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PeckShield printed its findings on Twitter early Wednesday, and investors were hasty to behold. In the hours after the file’s launch, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, doubtlessly tanking the observe of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns prompted bitcoin’s observe to dip roughly 2%, pushing it below $22,000.

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