News list for "Some analysts believe that the German government has sold off bitcoin in large quantities"

Analysis: MicroStrategy's purchase of BTC compensates for the German government's selling pressure

Some analysts believe that the German government's massive sell-off of bitcoin is responsible for the downturn in the cryptocurrency market, in addition to traders' concerns that the stock market may have peaked and the U.S. fiscal situation is weakening. According to former on-chain crypto analysis firm Arkham, a wallet linked to the German government transferred 6,500 BTC, worth $425 million at the time, to the exchange on June 19. The wallet held nearly 50,000 BTC, which was allegedly seized ...

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2024-06-22 00:46:28
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