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US Government can now sell $6.5 billion Silk Road Bitcoin before Trump enters office

Federal court ruling accelerates sale of Silk Road Bitcoin as market watches closely.

CryptoSlate

Jan 9

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Happy Thursday!

In today's CryptoSlate daily newsletter, we delve into the latest developments shaking up the cryptocurrency landscape. The U.S. government is poised to sell $6.5 billion worth of Bitcoin seized from the Silk Road, a move that has raised eyebrows just before Donald Trump's anticipated return to office. Meanwhile, Fidelity is optimistic about Bitcoin's trajectory towards mass adoption, predicting a significant shift by 2025. In a unique twist, Trump-themed digital cards are now available on Bitcoin through Ordinals, adding a layer of intrigue to the crypto market. Stay tuned for all the details behind these pivotal stories!

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The global crypto market cap is $3.28 trillion, with a 24-hour volume of $166.16 billion. The price of Bitcoin is $94,025.73, and BTC market dominance is 56.7%. The price of Ethereum is $3,296.76, and ETH market dominance is 12.1%. The best-performing sector is Travel, which gained 11%. The Crypto Fear & Greed Index is currently Greed (69).