Bitcoin

<ul><li>The German government disburses 1,000 BTC, influencing major cryptocurrency exchanges like Bitstamp and Kraken.</li><li>Total holdings reduced to 38,826 BTC, marking a significant decrease from June&#39;s 45,000 BTC.</li><li>Recent transactions of over $200 million in Bitcoin provoke notable fluctuations in market prices.</li></ul>The <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" rel="noopener noreferrer nofollow">German government</a> has actively transferred substantial Bitcoin amounts to cryptocurrency exchanges. Recent transactions totaling more than $55.8 million have been recorded, with significant sales conducted within the last hour.Crypto analytics firm <a href="https://platform.arkhamintelligence.com/signup" rel="noopener noreferrer nofollow">Arkham</a> reported these movements. The German authorities sent 500 Bitcoin valued at approximately $27.9 million to Bitstamp and Coinbase. <a href="https://x.com/WuBlockchain/status/1810208531209195692" rel="noopener noreferrer nofollow">Additionally</a>, another 500 Bitcoins were sent to an unmarked address. This address is suspected to be an institutional or an over-the-counter (OTC) service deposit address.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeVk_phWNCCGr7ULwPIZqFpOh5mWsmmDxgFtybn8gessucwoQKIneSZ608FzZvMxBuZqFfeg_D_6_vJYdbPHRxThQ66YWm8bksCbBtQQiJrt1KO5DhvWIvxGR88ac1kRTcZfzcqLp0v-YYtG25CxIDdpaeL?key&#61;Q_puJ6LbCXz1epCoTtMnoQ" />According to the latest <a href="https://x.com/spotonchain/status/1807705194337333278" rel="noopener noreferrer nofollow">data</a>, these moves have notably impacted Bitcoin&#39;s market value. Previously, the German government&#39;s actions contributed to a drop in Bitcoin prices to below $55,000. However, the market has stabilized somewhat, with Bitcoin&#39;s price recently recovering to around $57,590.<a href="https://cryptotale.org/german-government-sells-over-55-million-in-bitcoin-to-exchanges/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

German Government Sells Over $55 Million in Bitcoin to Exchanges

CryptoTale

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