The US government transferred 17,733 Bitcoin worth $1.48 billion and 750 Wrapped Bitcoin worth $62 million to Coinbase Prime over three days. This large movement of $1.54 billion in digital assets coincided with a 6.9% drop in Bitcoin's price. The transfers suggest significant institutional activity in the crypto market, which may impact future price trends and investor sentiment. Market watchers will be monitoring Coinbase and government wallet activity closely for further developments.
The U.S. government's recent transfer of $1.48 billion in Bitcoin to Coinbase Prime provides context for digital asset activity. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 09, 2026 09:41 WIB: out of 50 major cryptocurrencies priced on Pluang, 9 rose and 40 fell. Notable movers include MANA at Rp1.708 with a -7.43% change and 89% buy order activity, AVAX at Rp183.642 with a -7.31% change and 61% sell order activity, and XTZ at Rp5.179 with a -6.47% change and 100% buy order activity.
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