Germany’s Bitcoin Wallet Dips Below 40,000 BTC After Weekend Transfer

Germany has divested 1,400 bitcoin from its government reserves, reducing the total from 41,226 BTC to 39,826 BTC. Meanwhile, bitcoin has declined 1.7% against the U.S. dollar over the past 24 hours, hovering just above the $57,000 mark. Germany Reduces Bitcoin Holdings to 39,826 Bitcoin This weekend, the German government’s wallet transferred another 1,400 BTC, … Read more

German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset

A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture on bitcoin’s advantages for nation-states, aiming to shift policy toward embracing cryptocurrency as a reserve … Read more

German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows

The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining … Read more

Bitcoin Hits New Low Since February, Options Market Stays Optimistic

According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that despite the current crypto sell-off, the options market remains hopeful. Crypto Liquidation Tops $305M as … Read more

Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop

Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the … Read more

Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves

On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp, and Kraken. Bearish Sentiment Grows as Bitcoin Continues to Slide Bitcoin’s … Read more

Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment

Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitcoin.com News reported that the German government’s wallet, containing bitcoins seized from a piracy website, held 47,179 BTC … Read more

From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin

According to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was directed to the centralized cryptocurrency exchanges Kraken and Coinbase. Bitcoin Wallet Linked to German Police Stirs Concerns A bitcoin wallet, reportedly linked to the German … Read more