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The U.S. Government made another sizable crypto move on Tuesday, October 14, transferring 667.6 Bitcoin (BTC), worth nearly $75 million, to two new addresses, according to data Finbold retrieved from Arkham . As historical data suggests transfers such as this often precede sales, the market is speculating that the U.S Government address might soon start dumping the crypto. What’s more, the move comes just days after the president’s exposure to Bitcoin was estimated to be around $870 million and mere hours before Federal Reserve Chair Jerome Powell’s speech at 4:20 PM (UTC). U.S. Government crypto transfers. Source: Arkham Bitcoin falls to $110,000 Further adding to the speculation, the alleged insider whale responsible for the flash crash last Friday has ramped up his short position to over $500 million, anticipating further market declines. In the meantime, rumors of a potential $1 billion dump by BlackRock started circulating, although a closer look at th...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. US presidential hopeful Vivek Ramaswamy recently said Senator Elizabeth Warren’s (D-Mass.) stance on Bitcoin (BTC) is due to the fact that she believes the state is superior to the individual. “Those of us who are having this conversation believe that we, as individuals, create a government that’s accountable to us,” said Ramaswamy on the WhatBitcoinDid podcast. He continued: “The alternative worldview, to understand it, is that the state predates the individual. Your rights come from the government. They’re not independent of that, and so this proposes a threat to the existence of that state. Then, it’s perfectly within the rights of the state to come after and prevent that from existing.” You might also like: Senator Elizabeth Warren calls crypto a ‘new threat’ Ramaswamy insisted the minds of the people on Capitol H...