The post Breaking: Bitcoin Price Slumps to $110K on US Government’s 667 BTC Move Jitters appeared on BitcoinEthereumNews.com.

Key Insghts: US government transferred more than 667 BTC to a new wallet. On-chain analyst IT Tech claimed it’s an internal transfer. The latest move is likely related to the US government’s policy to establish strategic Bitcoin reserve. The US government moved more than 667 BTC to a new wallet on Tuesday. This sparked speculation in the crypto community, causing Bitcoin price to tumble from $113K to $110K levels. Is the US government preparing to sell BTC amid the prolonged shutdown, or part of the Trump administration’s policy related to national strategic reserves? US Government Moving 667 BTC Sparks Selloff Concern The US government-linked wallet address transferred 667.624 BTC worth $74.65 million to a new address, according to Arkham data on October 14. Bitcoin price falters in response to anticipation of a selloff amid no current signs signaling the government shutdown’s end. On-chain data further revealed that the U.S. government holds 197.354K BTC worth more than $22 billion. US Government Moving Bitcoin | Source: Arkham On-chain analyst IT Tech claimed it’s just an internal transfer. The transaction showed the U.S. government sent 15 BTC ($1.68 million) to “bc1q5l…zv9tmq.” The remaining 652.62 BTC ($73.11 million) was likely returned to “bc1qan…wn62xs,” which is also controlled by the U.S. government. However, Bitcoin price still ended up moving downwards due to Federal Reserve Chair Jerome Powell’s speech later today. Any guidance on Fed rate cuts in the monetary policy talks will help bring the much-anticipated recovery in the crypto market. US Government Establishing Strategic Bitcoin Reserve According to research by blockchain analytics firm Chainalysis, governments around the world could hold $75 billion in strategic Bitcoin and crypto reserves. As The Coin Republic reported earlier, US President Donald Trump’s embrace of crypto has led the U.S. government to spearhead a global push to establish strategic Bitcoin…

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Filed under: News - @ October 14, 2025 12:26 pm