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US government has now lost $21 billion selling seized Bitcoin we once fought to freeze

Bitcoiners once wanted to freeze gov coins, now they cheer hoarding seized assets.

CryptoSlate

Jun 2

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Happy Monday!

From the US government’s $21 billion Bitcoin misstep to Pakistan’s bold crypto mining plans and a heated debate over stablecoins, today’s headlines spotlight the fast-evolving world of digital assets. As the US rethinks its Bitcoin strategy, the IMF questions Pakistan’s power allocation for mining, and Paul Krugman challenges the value of stablecoins, the crypto conversation is more charged than ever. Catch up on the stories driving the next wave of innovation in finance below.

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The global crypto market cap is $3.27 trillion, with a 24-hour volume of $99.44 billion. The price of Bitcoin is $104,220.80, and BTC market dominance is 63.4%. The price of Ethereum is $2,538.36, and ETH market dominance is 9.4%. The best-performing sector is Bitcoin Ecosystem, which gained 8%. The Crypto Fear & Greed Index is currently Greed (64).

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