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$302 Million Worth of Bitcoin Seized in Connection to Silk Road Moved to New Addresses

The U.S. Department of Justice has moved 9,825 Bitcoin, worth $302 million, seized in connection to Silk Road to new addresses. The BTC was sent in two transactions, with one still pending. Despite the movement, BTC's price remains unchanged at $30,713, with bullish sentiments returning to the market after traditional financial institutions applied for a spot BTC ETF in June. The amount of Bitcoin held by funds rapidly grew to nearly 850,000 BTC in June, according to data from ByteTree.

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