Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/german-government-transfers-900-bitcoin-in-financial-maneuver/" data-wpel-link="internal">German Government Transfers 900 Bitcoin in Financial Maneuver</a><br></p>
<p style="text-align: justify">In an important financial maneuver, the German government is again in the spotlight. Approximately 900 Bitcoin (BTC), equivalent to $54.75 million, were transferred in just about two hours. This movement of assets includes a notable portion of 400 BTC, worth approximately $24.33 million, transferred to major <a href="https://en.coin-turk.com/former-binanceus-ceo-transfers-to-this-cryptocurrency-company/" data-wpel-link="internal">cryptocurrency exchanges</a> Kraken and Coinbase. These transactions, made recently, have drawn interest as Bitcoin prices started to decline at that time.</p> 
<h2 style="text-align: justify" id="germany-s-bitcoin-holdings">Germany’s Bitcoin Holdings</h2> 
<p style="text-align: justify">This activity is part of a broader context where the German government currently holds a significant amount of Bitcoin reserves. The 46,359 BTC they possess represent a substantial financial asset worth approximately $2.83 billion at current market values. This significant reserve places the German government among the leading institutional holders of Bitcoin and demonstrates their strategic relationship with the cryptocurrency market.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone wp-image-364909 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/german.jpg" alt="" width="1288" height="296"></p> 
<p style="text-align: justify">Transferring such a large amount of Bitcoin to major exchanges like Kraken and Coinbase signifies a move for asset liquidation or reallocation. The government’s transfer to exchanges like Kraken and Coinbase could be preparatory steps for selling some of their Bitcoin holdings or for other <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial strategies</a> involving cryptocurrency trading.</p> 
<p style="text-align: justify">Lastly, the recent transfers coincided with declines in Bitcoin’s price, putting the market on alert once again. At the time of writing, Bitcoin’s price stood at $61,215. There is currently no downward movement in BTC prices.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/german-government-transfers-900-bitcoin-in-financial-maneuver/" data-wpel-link="internal">German Government Transfers 900 Bitcoin in Financial Maneuver</a></h5>

German Government Transfers 900 Bitcoin in Financial Maneuver

İçindekiler

COINTURK NEWS

25 Haz 2024 tarihli diğer yazılar

ZkSync Token Launch Doesn't Bring Excitement as Expected as Price Continues to Drop

US Congressman Proposes Paying Taxes with Bitcoin

Successful Analyst Pointed Attention to Three Altcoins Including Solana (SOL): "They Are on the V...

Jump Crypto President Kanav Kariya Resigns, Plans Career Break

From Riches to Rags: Inside the $4.63 Million Trading Disaster From a Crypto Whale

Reserve Funds Along With Miners’ Bitcoin Reserves Hit All-Time Low

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!