With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8 billion. Fascinatingly, Germany lost out on an extra $400 million in possible gains while Bitcoin is presently valued at $66,425. Germany now only holds less than one BTC. Strategic Bitcoin Moves By The US Government? The US government has been making news with its own smart BTC moves as the dust settles following Germany’s huge Bitcoin sell-off. Blockchain intelligence platform Arkham Intelligence found on July 22, 2024 a noteworthy transaction involving the movement of 58.742 BTC from a government wallet to Coinbase Prime Deposit. Valued at about $4 million, this move has generated inte ..
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