2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>The German government transferred 16,039 BTC and received 3,673 BTC.</strong></li>
 <li><strong>The authorities are expected to have sold 12,366 BTC.</strong></li>
 <li><strong>Bitcoin continued to trade above $57,000, up 3.4% in 24 hours.</strong></li>
</ul>
<p>The German government is once again on the move, transferring large amounts of Bitcoin (BTC). Moving digital assets to exchanges typically signals an impending sell-off, which could lead to BTC prices falling.</p>
<p>According to Lookonchain’s data, the German government transferred 16,039 BTC, worth approximately $915.3 million, from its wallet and received 3,673 BTC, valued at $206.5 million, within the last 24 hours. Of these, authorities are expected to have sold 12,366 BTC worth $708.8 million.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government transferred 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($55.8M) out again 15 minutes ago, of which 500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($27.9M) was deposited to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Coinbase</a> and <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitstamp</a>.<br><br>The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government currently holds 38,826 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($2.17B).<a href="https://t.co/h2JlBVFPsL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/h2JlBVFPsL</a> <a href="https://t.co/NS5pkMixrj" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NS5pkMixrj</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1810208331862290529?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
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<p>Currently, the German government’s Bitcoin wallet holds 27,461 BTC, valued at $1.55 billion. Notably, on Monday, the <a href="https://x.com/lookonchain/status/1810317055603953945" target="_blank" rel="noopener noreferrer nofollow">authorities transferred</a> 9,634 Bitcoin worth $551 million to major digi…</p>
<p>The post <a href="https://coinedition.com/bitcoins-tug-of-war-german-government-selling-vs-mt-gox-repayments/" rel="noopener noreferrer nofollow">Bitcoin’s Tug of War: German Government Selling vs. Mt. Gox Repayments</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin’s Tug of War: German Government Selling vs. Mt. Gox Repayments

Coin Edition

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