Bitcoin

<ul><li>Saxony in Germany has nearly sold all its seized Bitcoin, causing significant discussions in the crypto community.</li><li>Despite a massive sell-off from $3.5B to $300M, Bitcoin&#39;s price remains stable at around $60,000.</li><li>Institutional and retail investors are bolstering Bitcoin&#39;s stability amid Saxony&#39;s large-scale sell-off.</li></ul>The state of Saxony in Germany has nearly exhausted its seized Bitcoin reserves, creating ripples across the cryptocurrency market. Renowned crypto analyst Michael van de Poppe shared the update on X post, sparking extensive discussions among investors and market enthusiasts.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcs31svD3h4RT6Yvz9cp48gKnCMP1YfmRQFfJL5QwTfh_9LV1XTTkNTuhf08h3Yxb-8V-XHVStFNXC9ZSecF8X2xEIc_63o5xxa1ByHIa6xK7_aRGrMPgbA5Y27ZnzycA8WpxZPvjZHSzXC4bPyqKqjdwtt?key&#61;p-yNETisuNBbWZs8jFokFg" />Once holding a formidable $3.5 billion in Bitcoin, equivalent to around 50,000 BTC, Saxony&#39;s reserves have now dwindled to approximately $300 million. This remaining portion is also expected to be sold imminently. Despite the magnitude of this sell-off, Bitcoin&#39;s price has displayed remarkable resilience, maintaining a steady value of around $60,000.<a href="https://cryptotale.org/saxony-sells-nearly-3-5b-seized-btc-analyst-reports-market-resilience-at-60k/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Saxony Sells Nearly $3.5B Seized BTC, Analyst Reports Market Resilience at $60K

CryptoTale

Other articles published on Jul 13, 2024

Analyst Predicts 2,750% Celestia (TIA) Price Explosion To $188, Here’s The Roadmap

BlockDAG Wows with Dazzling CGI Video Reveal! Stellar Boosts Global Payments, Ethereum Under Mark...

MicroStrategy Plans Stock Split and Expands Bitcoin Holdings

Ronin Price Prediction: How High Can RON Price Trade in July?

Altcoin Season Soon: List of Altcoins To Stack For 20x Gains

New Passive Income Benchmarks Set by BlockDAG’s X10 Miner and 10% Referral Bonus Amid PEPE’s Retr...

Join our free newsletter for daily crypto updates!