Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

Q: How long will it take to read this news story?

The story "Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles" has 482 words across 69 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles" was covered 3 days ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 4 news stories per day. It's most recent story was published 15 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21394936</li><li>URL: https://beamstart.com/news/bitcoin-selloff-german-govt-offloads-1719417988511</li></ul>

NewsBTC Logo NewsBTC 3d ago

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles - NewsBTC

Quick Summary:

German Gov’t Continues Its Bitcoin Sell-Off Arkham Intel’s data shows that four of them are internal transfers while five transactions were direct transfers to crypto exchanges and market makers, suggesting an intent to sell.

Related Reading: Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Crypto Expert Another noteworthy transfer of 500 BTC was directed to an enigmatic address tagged as "139Po.” This address has seen previous activity linked to the German government but remains shrouded in mystery, speculated to be another sale point.

Just a day prior, on June 25, the government had disposed of 400 Bitcoin worth $24 million on Kraken and Coinbase, as well as 500 BTC to address "139Po.” This is in addition to significant movements earlier last week: $130 million worth of BTC were transferred to exchanges on June 19 and $65 million on June 20.