Can the US Marshals’ Silk Road Bitcoin Auctions Affect Bitcoin Price?

By February 20, 2015Bitcoin Business

Just a couple of days back, the United Stated Marshals Service (USMS) announced selling away another large stash of Ross Ulbricht’s Bitcoins (50,000 BTC ). The statement came amid a 4% value surge on Coin Market Cap, subjecting Bitcoin once again to traders’ guesstimates, so can this auction affect bitcoin price?

An auction might be the most fundamentally accurate event for Bitcoin trading market — especially in the ways it drives the value. As we […]

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