In a significant move, the German government sold $376 million in Bitcoin, reducing their holdings to just 9,094 BTC, with potential market shifts looming.
Significant Reduction in German Bitcoin Reserves…
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The German government’s relentless sell-off of Bitcoin has caused shockwaves in the market, leading many to question whether it signifies disaster or prudence for the altcoin sector.
With Germany’s Bitcoin reserves…
Ethereum price today has shown resilience amidst significant market volatility, maintaining a price above $3,200 even as Bitcoin struggled due to recent German economic policies. Investors and analysts are now closely monitoring…
Binance Research revealed a report on the cryptocurrency market for June 2024.
According to the latest research, market capitalization declined by 11.4% over the month. However, this trend is typical for June — over the past five…
Note (July 8, 16:45 UTC): Data updated to reflect subsequent transfers since this piece was first published. The German government transferred 133.722 bitcoin to market maker Cumberland DRW Monday before sending 5,200 bitcoin to market…
The German government has continued its trend of offloading Bitcoin, with the country recently selling 17,000 BTC, worth $951 million, in one day. The latest transaction is the government’s largest single-day liquidation of the leading…
The German government is showing no signs of relaxing its ongoing Bitcoin selloffs via crypto exchanges, market makers, and some anonymous entities.
Earlier today, the Bitcoin address associated with the German government unloaded 1,000…
What a week it’s been…
The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is…
Bitcoin addresses labeled as belonging to German authorities appeared to send another 282.74 BTC ($17.6 million) to Coinbase, Bitstamp and Kraken on Tuesday morning — indicating a potential intention to sell the assets — according to…
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