US Government Transfers $34,800 in Confiscated Crypto Assets
- Asset Transfer Details: The US federal government transferred $34,800 worth of confiscated crypto assets to Coinbase Prime, including 2,466 UNI, 152,925 CRO, and 1,589 LINK, indicating ongoing attention to crypto asset management.
- Money Laundering Case Background: The seized assets are linked to Brian Krewson, who is accused of facilitating a $54 million crypto money laundering scheme involving cocaine trafficking, highlighting the potential risks of cryptocurrencies in criminal activities.
- Government Holdings Overview: According to Arkham Intelligence, the US government's crypto portfolio is valued at $27.06 billion, with Bitcoin making up the largest share, underscoring the government's significant position in the crypto market.
- Historical Transaction Patterns: This transaction is not an isolated event; historical data shows that the US government typically transfers seized tokens to Coinbase Prime before auctions or OTC sales, reflecting its asset consolidation strategy.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0552 | 0.0825 | 0.105 | 0.133 | 0.156 | 0.183 | 0.206 |
| Fibonacci | 0.0825 | 0.102 | 0.114 | 0.133 | 0.152 | 0.164 | 0.183 |
About ARKM
About the author
