bitcoin

German Authorities Sell Seized Bitcoin Assets, Impacting Cryptocurrency Market

The Big Whale

  • German government sells seized BTC, causing price drop

Summary :
German authorities have started selling their seized Bitcoin assets, causing concerns about potential impacts on the cryptocurrency market. The government has reportedly sold over $195 million worth of BTC in the past 24 hours and has moved even larger sums between multiple wallets. This follows a pattern of large-scale Bitcoin transactions initiated by German authorities, with significant amounts being funneled to major exchanges. The ongoing liquidation has had an impact on Bitcoin's price, which has dipped by about 0.5% over the past 24 hours. The German government still holds a substantial $3.05 billion worth of Bitcoin.

Sources :

- Decrypt
- Decrypt

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