The price of Bitcoin has taken a hit due to recent government activities. The cryptocurrency market is experiencing a wave of fear, uncertainty, and doubt (FUD) as governments around the world make moves that could impact the market. The US government has transferred thousands of Bitcoins seized from the Silk Road case to Coinbase for sale, while Germany has started transferring BTC obtained from criminal proceeds. MTGOX has also announced plans to return billions of dollars worth of BTC to creditors.

The potential sale of $15 billion worth of BTC in the short term has investors worried about a market decline. The US holds over $3 billion worth of BTC seized in the Silk Road case, while Germany holds around 45,000 BTC. MTGOX will return $8.5 billion worth of BTC to creditors. This influx of BTC into the market could lead to a decline in price, causing investors to flee altcoins.

The impact of these government actions is already being felt in the market. PEPE Coin, which had started to recover, has seen its price drop once again. The meme coin is now retreating to its support area, and if selling continues, it could fall to $0.00000884. LUNA Coin is also struggling, having dropped to its last support level in September. If it loses this support, it could set a new all-time low.

The situation is dire, and investors are advised to be cautious. The potential sale of $15 billion worth of BTC could lead to a significant decline in the market. While some altcoins have shown significant gains on Binance Exchange, the overall market sentiment is bearish. Investors are advised to conduct their own research and be aware of the high volatility and risk associated with cryptocurrencies.

In conclusion, government actions have sent the price of Bitcoin tumbling, causing a wave of FUD in the market. The potential sale of $15 billion worth of BTC could lead to a significant decline in the market, causing investors to flee altcoins. Investors are advised to be cautious and conduct their own research before making any investment decisions.