Breaking: German Govt Dumps Another 1300 Bitcoin To Coinbase, Kraken & Bitstamp

Quick Summary:

The German government has offloaded another 1,300 Bitcoin (BTC) to major cryptocurrency exchanges today.

Moreover, the Bitcoin price has recently dipped below $59,000 and this massive liquidation raised concerns of a further dip.

According to data from Arkham Intelligence, the total offloading consisted of nearly $76.5 million.

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Article Details

Author / Journalist: Kritika Mehta

Category: Crypto

Markets: India

Topics: Germany Bitcoin News Bitcoin 24/7 Cryptocurrency News Coinbase Kraken

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 08:49:22 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 226 words

Reading Time: 2 minutes read

Sentences: 34 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21479630

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 31 posts per day

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News Last Updated: 9 hours ago

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