German Government Liquidates $741M in Bitcoin Holdings
Submitted by Anonymous (not verified) on Tue, 07/09/2024 - 01:10


Bitcoin prices cratered on July 4 before plunging some more a day later.
Despite its negative impact on the global crypto market, Germany and the US have kept on selling seized Bitcoin worth millions.
Bitcoin shows signs of stabilization after the recent price drop, with market data indicating a potential local bottom.
Germany transfers $895m in Bitcoin to exchanges. CryptoQuant CEO downplays impact, citing only 4% of total realized value since 2023.
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