Germany Unloads Record-Breaking 16,000 Bitcoin Stash To Exchanges In Single Day

Quick Summary:

On Monday, German authorities intensified their Bitcoin sell-off, causing significant price volatility for the largest cryptocurrency by market capitalization on the market, Bitcoin (BTC).

According to the data, Bitcoin digital funds led the way with approximately $400 million inflows.

Ju further explained that despite $224 billion worth of Bitcoin being sold since 2023, the cryptocurrency’s price has risen by 350%, indicating “manageable” sell-side liquidity for BTC investors.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryGermany

Topics: BTCUSDT Crypto news Bitcoin price Bitcoin Holdings Germany Bitcoin Germany Bitcoin news Cryptocurrency Crypto Bitcoin News Germany bitcoin Btc price Bitcoin Btcusd Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 03:30:29 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21549002

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 10 hours ago

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