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<ul>
 <li>The crypto market continues to bleed and FUD takes over market sentiment.</li>
 <li>A major cause is due to the German government continuously selling its Bitcoin holdings.</li>
 <li>Tron founder Justin Sun offers to buy all of Germany’s remaining Bitcoin to stop market dip.</li>
</ul>
<p>The crypto market continues to bleed heavily. There seems to be no end to the continuous fall in Bitcoin’s (BTC) price today. Presently, Bitcoin’s price is at $57,606 and continues to move at a downward pace. Amidst the panic and FUD spreading in the space, <a href="https://tron.network/" target="_blank" rel="noopener noreferrer nofollow">TRON</a> Founder Justin Sun steps up to save the crypto market from dipping further.&nbsp;</p>
<p>In detail, <a href="https://cryptonewsland.com/tron-ceo-justin-sun-supports-meme-coins-at-token-2049-conference/" target="_blank" rel="noopener noreferrer nofollow">CEO and Founder of Tron</a>, Justin Sun notices that one of the main reasons for the continuous fall of Bitcoin (BTC) is due to the fact that the German government keeps dumping the pioneer crypto asset by selling its large Bitcoin holdings.&nbsp;</p>
<p>This could be very true. In fact, a huge contribution to the fall of Bitcoin’s (BTC) value over the last few weeks is because the German government has moved its Bitcoin (BTC) holdings to crypto exchanges and continues to sell.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e9-1f1ea.png" alt="🇩🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> German Government keeps dumping <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <br><br>3K Bitcoin ($175m) sent to exchanges in the last few hours <a href="https://t.co/D0XSTNkvjh" rel="noopener noreferrer nofollow">pic.twitter.com/D0XSTNkvjh</a></p>— Thomas | heyapollo.com (@thomas_fahrer) <a href="https://twitter.com/thomas_fahrer/status/1808824257646055756?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2024</a>
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<p>A few days ago, <a href="https://cryptonewsland.com/german-government-continues-bitcoin-selloff-amid-market-tensions/" target="_blank" rel="noopener noreferrer nofollow">Germany moved 750 Bitcoin</a> on top of Bitcoin they had already moved towards crypto exchanges. Furthermore, from the post above, Germany moved another $175 million worth of Bitcoin to crypto exchanges and continues to sell.</p>
<p>Having seen the tragic fall of Bitcoin (BTC) over the last few weeks, Justin Sun steps up with a heroic proposal that could stop the further fall of Bitcoin (BTC) price. This intention from Justin Sun was made public on his TwitterX post as seen below.&nbsp;</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1808828661401072092?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2024</a>
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<p>Indeed, Justin Sun himself said not less than an hour ago that he is willing to negotiate with the German government to purchase all their <a href="https://bitcoin.org/en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> holdings off market to minimize the harsh impact on the crypto market.</p>
<p>The response from the crypto market has been huge. Justin Sun’s declaration and intention to save the crypto market from further fall has been well noticed by the greater crypto community. Will Germany meet his offer and will this event finally trigger the golden bull run spike?</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/germanys-top-savings-bank-to-offer-bitcoin-to-clients/" rel="noopener noreferrer nofollow">Germany’s Top Savings Bank to Offer Bitcoin to Clients</a></li>
 <li><a href="https://cryptonewsland.com/another-massive-bitcoin-transfer-from-germanys-government-puts-crypto-traders-and-investors-on-edge/" rel="noopener noreferrer nofollow">Another Massive Bitcoin Transfer From Germany’s Government Puts Crypto Traders and Investors on Edge</a></li>
 <li><a href="https://cryptonewsland.com/coinbase-makes-vecahin-vet-available-to-germany-residents/" rel="noopener noreferrer nofollow">Coinbase Makes Vecahin (VET) Available to Germany Residents</a></li>
 <li><a href="https://cryptonewsland.com/justin-sun-supports-binance-deposits-100m-usd/" rel="noopener noreferrer nofollow">Justin Sun Supports Binance: Deposits 100M USD</a></li>
 <li><a href="https://cryptonewsland.com/germanys-3rd-biggest-bank-launches-crypto-custody-investment-service-underway/" rel="noopener noreferrer nofollow">Germany’s 3rd Biggest Bank Launches Crypto Custody, Investment Service Underway</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/crypto-market-dump-could-reverse-if-germany-accepts-justin-suns-offer/" rel="noopener noreferrer nofollow">Crypto Market Dump Could Reverse if Germany Accepts Justin Sun’s Offer to Buy its Remaining BTC Holdings&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Crypto Market Dump Could Reverse if Germany Accepts Justin Sun’s Offer to Buy its Remaining BTC Holdings

Crypto News Land

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