Bitcoin

(Wed 10 July 2024, 12:44 PM GMT):In the cryptocurrency market today, the German government has been on a major selling spree. According to Arkham Intelligence, the government has sent another 2,000 BTC, worth approximately $117.3 million, to major exchanges like Coinbase, Kraken, and 139Po in the past hour.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b9f1d2041e0b4eea9f1e33a8f2564c12.jpeg" />Source: <a href="https://platform.arkhamintelligence.com/explorer/entity/germany" rel="noopener noreferrer nofollow">Arkham</a>As of now, the German government holds 13,110 BTC, valued at around $766.52 million. This is just 26.8% of the total Bitcoin originally seized from Movie2k, marking a notable reduction in their holdings.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7ba9fde11de448149f0ecb91fc7b170a.png" />The government’s decision to sell such a large amount of Bitcoin has led to a flurry of transactions in the past 24 hours. Despite this, Bitcoin has shown resilience. The price of Bitcoin has surged over $58,000, currently trading at $58,473, up by 1.74% in the last 24 hours.To get more updates, visit us <a href="https://coinsprobe.com/" rel="noopener noreferrer nofollow">here</a>.

The German Government Lost Its “Bitcoin Billionaire” Status Today

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