Bitcoin is approaching $66,000, wiping out all gains from the past week. Sentiment has worsened after a significant amount of assets were moved out of U.S. government-related wallets, raising concerns among traders that selling pressure is imminent. BTC fell 5% in the past 24 hours after the U.S. Marshals Service moved $2 billion worth of BTC to two new wallets, but has since recovered slightly. Tracking service Arkham estimates that at least one of the wallets is likely a custody service. Bitcoin is trading around $66,550 at the time of writing, down 4.3% from 24 hours ago. The broader cryptocurrency market, as measured by the CoinDesk 20 Index, is down 3.5%.
