2024

Bitcoin

Zero

Coin

<ul class="news-points">
 <li><strong>Germany completes sale of 50,179 seized Bitcoins worth $3.3 billion, in just 24 days.</strong></li>
 <li><strong>Bitcoin briefly dips below $55k amid government sell-off and Mt. Gox payouts.</strong></li>
 <li><strong>Crypto market shows resilience, Bitcoin partially recovers to $57,856.</strong></li>
</ul>
<p>The German government’s aggressive liquidation of over 50,000 Bitcoin, seized from a piracy website and valued at billions of dollars, has roiled cryptocurrency markets and contributed to recent price declines.&nbsp;</p>
<p>The latest data reveals the government’s Bitcoin wallet is now empty, raising questions about the impact of such large-scale sell-offs on the volatile crypto landscape.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">In just 24 days, the <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government has sold all 50,179 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($3.3B)!<br><br>The <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#German</a> government transferred 9,594 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($553.7M) and received 500 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($28.6M) in the past 24 hours, and currently does not hold any <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>!<a href="https://t.co/oGuI6g9MxF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/oGuI6g9MxF</a> <a href="https://t.co/YNZUOOrd4H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/YNZUOOrd4H</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1811930695931167219?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to on-chain analytics platform Lookonchain, the German government has sold a total of 50,179 BTC, valued at roughly $3.3 billion, in just 24 days. In the past 24 hours alone, it moved 9,594 BTC, worth a total of $553.7 million. While …</p>
<p>The post <a href="https://coinedition.com/german-government-completes-bitcoin-liquidation-wallet-balance-hits-zero/" rel="noopener noreferrer nofollow">German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero

Coin Edition

Other articles published on Jul 13, 2024

Ripple CLO Reflects on First Anniversary of Positive Court Ruling

Why Bitcoin and Ethereum Investors are Flocking to Furrever Token: Use Code FINALFURR200 for Huge...

Maker (MKR) Price Primed for Gains, Find Out Why?

Analysts Unanimous: Solana (SOL) To Soar 100% – Details

Cryptocurrency: JPMorgan Announces an Imminent Market Comeback!

Solana (SOL) and Pawfury (PAW): Leading the Pack in Market Correction Investments

Join our free newsletter for daily crypto updates!