Breaking: US Govt Moves $12M Ethereum, Is Bitcoin-Style Selloff Incoming?

In a notable move that has caught the attention of the crypto community, the U.S. government transferred a massive Ethereum (ETH) reserve on Monday, July 1. The transfer has sparked speculations around a potential ETH selloff, which could mirror the downtrend Bitcoin (BTC) suffered amid selloffs by German and U.S. governments. Moreover, the anticipated launch of Spot Ethereum ETFs this month further fuels such concerns.