2024

Bitcoin

Arkham

<p class="is-style-lead">The German government wallets have added to the tempo of their Bitcoin (BTC) sell-off by sending more than 16,000 BTC to crypto exchanges and market makers on Monday, July 8.</p>
<p>After transferring over 2,700 BTC earlier in the day, the German government wallet quickly dumped more than 13,200 BTC.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="german-government-moves-16-000-btc-largest-single-day-transfer">German government moves 16,000 BTC, largest single day transfer</h2>
<p>On-chain data showed German government wallets transferred $155 million worth of BTC to multiple exchanges after an <a href="https://crypto.news/german-government-moves-56-65m-in-btc-amid-market-wide-fud/" rel="noopener noreferrer nofollow">earlier small dump</a>. But this appears to have only been the beginning, with Bitcoin’s reaction being a price drop from above $57k to just under $56k.</p>
<p>Within hours of these first transactions, however, the wallets <a href="https://x.com/ArkhamIntel/status/1810315954431176898" target="_blank" rel="noopener noreferrer nofollow">sent an additional 8,100 BTC</a> worth more than $463 million to crypto exchanges.</p>
<p>In minutes, another huge transfer followed.</p>
<p>According to blockchain security and intelligence firm Arkham tracked wallet movements showed the total for the day to have reached over 16,000 BTC. It makes today’s offloading the largest single-day dump by the German government, Arkham noted.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The German Government sent another 5200 BTC ($297.3M) to Kraken, Bitstamp, Coinbase and 139Po right after we posted this tweet. That makes this the biggest day for them so far – over 16,000 BTC in total. <br><br>They currently hold 23,787.7 BTC ($1.35B). Less than half of the BTC… <a href="https://t.co/tO7r0J0w08" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tO7r0J0w08</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1810331451348386106?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Per on-chain data, the other notable transfer from the German government wallet on July 8 was the 2,738.7 BTC sent to exchanges and market makers, including Kraken and 139Po.</p>
<h2 class="wp-block-heading" id="german-government-still-hold-over-23-000-btc">German government still hold over 23,000 BTC</h2>
<p>According to Akham, these latest BTC transfers included fresh interactions with Cumberland and the address bc1qu. The prolific selling has seen the German government’s Bitcoin holdings decrease sharply in the past few weeks.</p>
<p>From 50,000 bitcoin seized early this year, on-chain data shows <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" target="_blank" rel="noopener noreferrer nofollow">Germany’s current BTC holdings</a> stand at around 23,787 BTC. The value of the holdings has fallen from over $3 billion to around $1.35 billion today. The German government seized these bitcoins from pirated movie site Movie2k.</p>
<p>Bitcoin price is currently down 1.3% in the past 24 hours to change hands around $56,152.</p>
<p>BTC price is down more than 10% in the past week, with both the government selling and Mt.Gox repayments contributing to the downside movement.</p>

German government sends over 16,000 BTC to exchanges

Mục lục

crypto.news

Các bài viết khác được xuất bản trên 8 thg 7, 2024

Top Altcoins to Watch for the 2024 Bull Run

Cardano releases ‘Node 9.0,’ paving way for upcoming Chang hard fork

MoonBag Price Set to Soar! Celestia Declines, Brett Grows Steady, Secure Your MoonBag Coins Befor...

Puffer Finance to unveil its based rollup solution Puffer UniFi

Dogecoin Price Prediction: DOGE Pumps 4% As This New SHIB P2E Meme Coin Blasts Past $500k

Top Blockchain Projects Launching Tokens in Q2-2024

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!