The U.S. government transferred a total of 17,733 Bitcoin (BTC) worth $1.48 billion and 750 Wrapped Bitcoin (WBTC) valued at $62 million to Coinbase Prime over three days. This large transfer, totaling nearly $1.55 billion, occurred during a period when Bitcoin's price dropped by 6.9%. The movement of these assets to Coinbase Prime highlights significant government activity in the crypto market amid declining prices. This could impact market sentiment and future price movements as institutional holdings shift.
The U.S. government’s recent transfer of 17,733 Bitcoin to Coinbase Prime provides context for crypto market activity. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 09, 2026 09:41 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell. Notable movers include XTZ at Rp5.179 with a -6.47% change, SOL at Rp1.962.403 with -5.65%, and AAVE at Rp2.950.536 with -5.49%.
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