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David Bailey, chief executive of Bitcoin Magazine, said in a social media post that "if the Department of Justice has been hastily liquidating the U.S. government's holdings of Bitcoin (against the president's wishes) in the three months since it received court approval, then the recent price movement of Bitcoin can be explained." Hinting that the government sell-off could be a big reason for the recent pressure on Bitcoin prices.

2025-03-10 03:39:43