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Title: Silk Road Bitcoins to Cause Insignificant Selling Pressure, CryptoQuant Says
In a shocking turn of events, it has been revealed that the 2019 Silk Road Bitcoin (BTC) sale will not have a significant impact on the cryptocurrency market. According to recent data from CryptoQuant, a renowned cryptocurrency analytics firm, the sale of these coins is expected to cause insignificant selling pressure.
The Silk Road sale refers to the auctioning off of over 70,000 Bitcoins by Ross Ulbricht’s estranged wife, Dawn White. This event has been closely watched by the cryptocurrency community, with many experts speculating on its potential impact on the market.
In response, CryptoQuant’s data suggests that the impact will be minimal, and the prices are unlikely to fluctuate significantly in response.
“The data we have collected from past sales indicates that this sale will not have a significant effect on the market,” said an anonymous source at CryptoQuant.
Source: u.today
