- Bitcoin drops over $10,000 this week
- Currently trading at $92,126 with a low of $91,134
- DOJ approved to liquidate $6.5 billion in BTC from Silk Road case
Bitcoin price per coin crashed down by over $10,000 this week as buyers made all efforts to avoid losing the $90,000 margin.
The currency is currently at $92,126—with an intraday low of $91,134. This downward movement marks the lowest price of the asset in the still short-lived year of 2025, so far. Overall, Bitcoin is down by 1.93% in the previous 24 hours, amassing 5.26% losses over the week.
Since the big drop three days ago on January 7th—Bitcoin entered a relatively strong intra-week downward trend. Disappointingly, this major bearish movement comes only a day after BTC surpassed $100,000 for the first time in 2025.
DOJ To Liquidate $6.5 Billion in BTC From Silk Road Case
Bitcoin’s major drop comes as news about a potential major liquidation of BTC holdings may take place in the shortcoming future.
Today, the U.S. Government got its final approval from the Californian Northern District Court to liquidate about $6.5 billion in BTC. This significant amount of crypto was apprehended from the notorious “Silk Road” case.
“Silk Road” was the name of an illegal dark web online marketplace that was shut down by the FBI in 2013. The forum operated under the anonymity of the dark web and promoted several illegal activities including drug trafficking and weapon sales.
The illegal transactions were performed with the use of cryptocurrencies. The website’s founder Ross Ulbricht was sentenced to life in prison, and during the case, the FBI was able to recover billions of dollars in crypto.
Now, more than a decade later, the government has received the approval to liquidate these assets. While the liquidation of multiple billions in BTC holds serious implications for the health of the cryptocurrency market, the DoJ has stated that they plan on selling these assets through a public auction, potentially minimizing the impact on the market.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
