Bitcoin

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<ul class="news-points">
 <li>The German government sells a massive 16,038 BTC ($880 million) in one day.</li>
 <li>Their total Bitcoin holdings plummet to 23,788 BTC valued at $1.31 billion.</li>
 <li>Sell-off contributes to Bitcoin price drop from $58,178 to $56,206.</li>
</ul>
The German government has intensified its selloff of Bitcoin, offloading a substantial 16,038 BTC tokens today alone. This brings the total amount of Bitcoin liquidated by the government to over 21,000 BTC since June, significantly impacting the cryptocurrency market.
Recent data reveals the <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">government’s Bitcoin holdings</a> have dropped significantly to 23,788 BTC, valued at approximately $1.31 billion.
The <a href="https://coinedition.com/bitcoin-bombshell-german-government-strikes-again-with-massive-btc-dump/" rel="noopener noreferrer nofollow">selling spree</a> began early today, with 1,000 BTC tokens worth $55.8 million transferred to external wallets, including those of leading exchanges Bitstamp and Coinbase, as well as an anonymous wallet suspected to be an over-the-counter (OTC) entity.
This was just the start. Market tracking platform Arkham Intelligence disclosed that the government’s Bitcoin address moved an additional 1,738.7 BTC units to more wallets over the past few hours, interacting with new entities such as institutional market maker Cumberland and an anonymous wall…
The post <a href="https://coinedition.com/crypto-shock-germany-liquidates-880-million-in-bitcoin-in-a-single-day/" rel="noopener noreferrer nofollow">Crypto Shock: Germany Liquidates $880 Million in Bitcoin in a Single Day</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Shock: Germany Liquidates $880 Million in Bitcoin in a Single Day

Coin Edition

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