Close Menu
    What's Hot

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » Heres How Much Bitcoin the German Government Has Sold So Far
    Bitcoin

    Heres How Much Bitcoin the German Government Has Sold So Far

    By adminJul. 6, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Heres How Much Bitcoin the German Government Has Sold So Far
    Heres How Much Bitcoin the German Government Has Sold So Far
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin (BTC) recently plummeted to a four-month low, losing over 25% from its peak of $73,135 on March 13, triggering a significant downturn in the crypto market.

    At the time of writing, BTC is trading at $55,291, marking a 3.06% decline over the last 24 hours and increasing the weekly loss to 10.11%.

    Since reaching its peak market capitalization of $1.4 trillion on March 13, Bitcoin’s market cap has contracted by $350 billion.

    This downward trajectory has been exacerbated by substantial sell-offs and the ongoing process of recovering funds from the bankrupt Mt. Gox exchange, which is distributing nearly $9 billion in BTC to creditors.

    Read more:


    Here’s how much Bitcoin the German government has sold so far
    Additionally, the German government has initiated a series of Bitcoin sales, liquidating a significant portion of holdings acquired in 2013 from the seizure of the Movie2K website operator. Recent transactions amount to a total of 6,625 BTC, generating profits of $397 million over ten days.

    While initially causing market concerns, the narrative surrounding the cryptocurrency sales in Germany may not accurately reflect market impacts, as noted by developer Samson Mow, offering a nuanced assessment of the situation.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleEmerging Economies Why are South Asian Nations Seeking Membership in the BRICS Alliance
    Next Article Impact of FTXs 16B Payment on Bitcoin and Solana Prices

    Related Posts

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Aug. 11, 2025

    Harvard’s Investment in Bitcoin Exceeds Gold in Recent Portfolio Adjustment

    Aug. 9, 2025

    Bitcoin Market Shows Signs of Cooling in Week 32 as Liquidity Diminishes and Sellers Lose Momentum

    Aug. 6, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    Don't Miss

    Strategy Increases Bitcoin Holdings in Response to Price and Stock Appreciation

    Bitcoin Aug. 11, 2025

    Michael Saylor’s Strategy has once again increased its Bitcoin reserves, adding a smaller but nota…

    El Salvador Allows Major Banks to Provide Bitcoin Services to High-Net-Worth Clients

    Aug. 10, 2025

    Bitmine Aims for 5% of Ethereum Supply in Ambitious Accumulation Strategy

    Aug. 10, 2025

    SUI Targets $7 as Support Level Remains Strong

    Aug. 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025126 Views

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 202513 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

    Type above and press Enter to search. Press Esc to cancel.