Bitcoin (BTC) Price Crashes by $10,000 This Week as DOJ Set to Liquidate $6.5B in BTC From Silk Road Case

Bitcoin’s price per coin fell by over $10,000 this week as buyers tried hard to keep the coin above the $90,000 mark.

The coin is now trading at $92,126, with an intraday low of $91,134. This drop brings BTC to its lowest price point yet in 2025. In total, Bitcoin is down 1.93% in the past 24 hours and has accrued losses of 5.26% over the week.

Bitcoin Price Entered a Downward Trend After Briefly Surging Past $100,000

Bitcoin’s price has been heading down over the past three days of trading, and this downturn is now quite strong. Disappointingly, this major bearish trend comes just a day after BTC crossed $100,000 for the first time in 2025.

DOJ To Liquidate $6.5 Billion in BTC From Silk Road Case

Bitcoin’s large price drop comes as we learn that a major liquidation of BTC holdings may be coming soon.

Today, the U.S. Government got final approval from the Californian Northern District Court to liquidate around $6.5 billion in BTC. This large sum of crypto was seized from the infamous “Silk Road” case.

“Silk Road” was the name of an illegal dark web marketplace that the FBI shut down in 2013. The forum operated anonymously on the dark web and facilitated a number of illicit activities, including drug trafficking and weapons sales.

The illegal transactions were carried out using cryptocurrencies. The website's founder, Ross Ulbricht, was sentenced to life in prison, and during the investigation, the FBI was able to recover billions of dollars in crypto.

Now, over a decade later, the government has gotten approval to finally liquidate these assets. While the liquidation of several billion dollars in BTC does have serious implications for the health of the cryptocurrency market, the DoJ has stated that they will be selling these assets through a public auction, which could minimize the impact on the market.