Government

The post Bitcoin Crashes After U.S. Government Moves $2 Billion in BTC: What’s Next? appeared first on Coinpedia Fintech News Bitcoin has been trying to regain its position at the $70,000 zone since the market rejected it over a month ago. For the last many days it has  struggled with multiple resistances at various levels. On 29th July, it could finally touch this spot but could not hold it for long. Prices dropped down to $66,500, breaking many support levels…

The post Can a Pro-Bitcoin Government Propel Bitcoin to $150,000? Examining Trump’s Pro-Crypto Position appeared first on Coinpedia Fintech News Russell Starr, Former CEO and Head of Capital Markets at DeFi Technologies, opened up about Bitcoin and the impact of elections on Bitcoin price. In an interview with David Lin, Russell discussed the movements in stock markets observed on the Monday following the attempted assassination of former President Donald Trump. He attributed the market shifts to several key factors. “The…

The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason for the substantial Bitcoin dump was unveiled in a recent statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. Why Germany Sold All Its Bitcoin In a blog post published on July 16, the Saxon Central Office and Frankfurt Bankhaus Scheich Wertpapierspezialist AG, a German securities trading bank, announced that they had successfully completed the sale of approximately 49,858…

The post Bitcoin Pushes Altcoins Higher as German Government Runs Out of Coins, Crypto Bull Run Is Back? appeared first on Coinpedia Fintech News The recent German government Bitcoin (BTC) selloff has undoubtedly caused tension in the crypto world. The altcoin market is experiencing a crypto bull run while Bitcoin is taking a bear turn. How does this affect the overall sentiment toward Bitcoin and the rest of the altcoin market? Let’s explore this further. The German Government’s Bitcoin Exodus…

Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to…

The German government has now sold all of its Bitcoin holdings - going from nearly 50,000 BTC to zero in a very short amount of time. Bitcoin has absorbed the impact and is continuing its recovery. The $BTC price is now at $58,700. It’s all gone! According to Arkham Intelligence, the German government sent 49,860 BTC to exchanges ($2.9 billion) and sold them over a 3-week period. After sending off its final tranche of Bitcoin, the government wallet received the…

The post German Government Moves The Last 3846 BTC To Flow Traders appeared first on Coinpedia Fintech News Germany has sold off more than 46,000 BTC before today. In the latest update, the last 3846 Bitcoins worth $223.81 million were moved to Flow traders and 139Po. The German government now has 0 Bitcoins remaining. The weeks-long selloff of the Bitcoin in the account has triggered multiple crypto market downtrends which largely kept the price of Bitcoin below $60,000. With the…

The German government has finally emptied its Bitcoin (BTC) wallet. On-chain data reveals that a series of transactions on July 12 concluded the government’s sell-offs. This decision has sparked discussion within the crypto community, highlighting speculation about the future impact on the market. German Government Bitcoin Sale Concludes, Market Awaits Long-Term Impact Arkham Intelligence data indicates that the German government began its sales spree yesterday by sending 2,700 BTC to major exchanges such as Kraken, Bitstamp, and Coinbase. Additionally, it…

The German government has now lost its Bitcoin’s billionaire status after more than three weeks of sustained sell-offs. The rising Bitcoin demand as shown by the notable cash inflows to US Spot BTC ETFs has bolstered the ongoing crypto recovery. The German government continued with its Bitcoin (BTC) selloffs on Thursday. The government sent its stash to different exchanges and addresses associated with OTC desks. After depositing hundreds of Bitcoins to Kraken, Bitstamp, Coinbase, and Cumberland among others in the…