6,500 BTC Moved by German Government Wallet Raises Bitcoin Sale Concerns

Quick Summary:

A crypto wallet called "German Government (BKS)” by analytics firm Arkham recently moved 6,500 Bitcoin (BTC) on June 19, sparking widespread discussions about a potential Bitcoin sale.  The German Government wallet, which held 50,000 BTC since February 2024, transferred 6,500 BTC worth $425 million to a new address.

This activity has resulted in discussions about the impact of such major transactions on the Bitcoin market.

Currently, the German government wallet holds 43,359 BTC with a total value of $2.83 billion.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Latest News 6500 BTC News Sale Concerns BITCOIN Raises Moved German Gov Wallet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 09:03:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 107 words

Reading Time: 1 minutes read

Sentences: 11 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21318748

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News Last Updated: 8 hours ago

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