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US Moves Bitcoin During Iran Strikes — Market Watches Closely

The US government moved a small amount of seized Bitcoin (1.23 BTC, ~$22,550) during a period of significant market volatility triggered by military strikes on Iran. The timing of the transfer, though modest, drew attention as it coincided with a sharp crypto sell-off. Bitcoin initially fell to near $63,000 amid the geopolitical tension but later recovered to $71,000. The market whipsawed further on news of Iranian Supreme Leader Khamenei's death. Meanwhile, Iranian citizens rushed to move money via crypto, with outflows from the country's largest exchange surging 700%. The US holding $23 billion in seized cryptocurrency, traders are closely monitoring both further government wallet movements and geopolitical developments.

bitcoinist03/05 03:32