Bitcoin price drops to $65,841.6 amidst fears of US government token sales

From Investing.com

July 31, 2024 02:07:13 AM:

Bitcoin price fell as fears of U.S. government token sales overshadowed optimism about crypto regulations. The price dropped 1% to $65,841.6. Reports of token movement by U.S. government, including $2 billion from Silk Road, raised concerns of a potential sale. Bitcoin had previously fallen to $54,000 due to Mt Gox’s distributions.

In broader crypto markets, altcoins remained subdued except for XRP which surged 8% on rumors of SEC dropping lawsuit. Ethereum dropped 0.2% to $3,303.39, while Cardano and Solana rose 0.5% and 0.8% respectively. Meme tokens like Dogecoin and Shiba Inu saw declines of 2.5% and 2%.

Read more at Investing.com: down to $65k as US selling fears persist By Investing.com