The cryptocurrency market staged a modest recovery on Tuesday. Bitcoin (BTC), the world’s largest cryptocurrency, rose 1% to $95,361, stabilizing above the $95,000 mark. On Monday, the U.S. government transferred 10,000 BTC (valued at approximately $963 million) linked to the Silk Road case. Blockchain records show that $1.9 billion worth of Bitcoin seized during the 2021 investigation of James Zhong was moved to Coinbase Prime wallets. Zhong was convicted of wire fraud related to the Silk Road marketplace. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
