Bitcoin traders ignore Silk Road sale as BTC price bounces to $66.5K

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Bitcoin “bearish narratives” should not get in the way of the broader picture, says analysis.

Bitcoin (BTC) returned above $66,000 on April 3 as market observers brushed off Silk Road BTC sales.

Data from Cointelegraph Markets Pro and TradingView tracked a modest BTC price recovery after lows of near $64,500 after the daily close.

These came amid news that the United States government had moved more than 30,000 BTC ($2.1 billion), which it confiscated from the defunct marketplace Silk Road on-chain, subsequently selling 2,000 BTC ($133 million).

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