2024

Bitcoin

Zero

Coin

<ul class="news-points">
 <li><strong>Germany completes sale of 50,179 seized Bitcoins worth $3.3 billion, in just 24 days.</strong></li>
 <li><strong>Bitcoin briefly dips below $55k amid government sell-off and Mt. Gox payouts.</strong></li>
 <li><strong>Crypto market shows resilience, Bitcoin partially recovers to $57,856.</strong></li>
</ul>
<p>The German government’s aggressive liquidation of over 50,000 Bitcoin, seized from a piracy website and valued at billions of dollars, has roiled cryptocurrency markets and contributed to recent price declines.&nbsp;</p>
<p>The latest data reveals the government’s Bitcoin wallet is now empty, raising questions about the impact of such large-scale sell-offs on the volatile crypto landscape.</p>
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   <p lang="en" dir="ltr">In just 24 days, the <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government has sold all 50,179 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($3.3B)!<br><br>The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government transferred 9,594 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($553.7M) and received 500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($28.6M) in the past 24 hours, and currently does not hold any <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>!<a href="https://t.co/oGuI6g9MxF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/oGuI6g9MxF</a> <a href="https://t.co/YNZUOOrd4H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/YNZUOOrd4H</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1811930695931167219?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 13, 2024</a>
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<p>According to on-chain analytics platform Lookonchain, the German government has sold a total of 50,179 BTC, valued at roughly $3.3 billion, in just 24 days. In the past 24 hours alone, it moved 9,594 BTC, worth a total of $553.7 million. While …</p>
<p>The post <a href="https://coinedition.com/german-government-completes-bitcoin-liquidation-wallet-balance-hits-zero/" rel="noopener noreferrer nofollow">German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero

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