A Bitunix analyst has cautioned that the UK government’s upcoming liquidation of Bitcoin holdings could trigger significant market turmoil, potentially prompting a sector-wide sell-off. The planned asset disposal risks amplifying selling pressure at a sensitive juncture for Bitcoin pricing. Technical… Read More »Bitunix Analyst Warns UK Bitcoin Liquidation Plan Risks Crypto Market Sell-Off
The UK Treasury is preparing to dispose of at least 61,000 Bitcoin seized from a Chinese Ponzi scheme in 2018, valued at approximately £5 billion. This liquidation forms part of broader government efforts to reduce national debt and address economic… Read More »UK Considers £5 Billion Seized Bitcoin Sale Amid Economic Challenges
The UK government is actively considering the sale of approximately $5 billion worth of Bitcoin seized from criminal activities. This move aims to alleviate current budget pressures while establishing a structured approach for managing state-held crypto assets. The government currently… Read More »UK Considers $5 Billion Bitcoin Sale to Address Fiscal Pressures
The UK government faces significant criticism for its plan to sell nearly £5 billion ($6.7 billion) worth of Bitcoin seized from criminal activity, a move intended to address budget deficits approaching £20 billion. Treasury and Home Office officials are advancing… Read More »UK Faces Criticism Over Planned $6.7 Billion Bitcoin Sale Amid Deficit Concerns