$16.7 Million Government Auction Did Not Cause Panic Selling
Bitcoin Relatively Stable
Bitcoin traded in a relatively stable range of $570 to $590 on Bitfinex before breaking over $600 after the auction’s 6:00 PM close.
Investors Wondering Who Won?
Investors are scrambling trying to find out the price the $17 million worth of coins settled at and who got them. A high sales price could catalyze a price runup while a below market price could dampen buyer sentiment.
Related Story: 3 Strategies To Avoid For Bitcoin Investment Success
Most expect SecondMarket, a hedge fund, or venture capital firm to win the sealed bid. The U.S. Marshals will notify the winning bidder Monday and it is widely expected the winner will announce their winning bid.
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