German Government Moves The Last 3846 BTC To Flow Traders

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 13, 2024 8:40

Germany has sold off more than 46,000 BTC before today. In the latest update, the last 3846 Bitcoins worth $223.81 million were moved to Flow traders and 139Po. The German government now has 0 Bitcoins remaining. The weeks-long selloff of the Bitcoin in the account has triggered multiple crypto market downtrends which largely kept the price of Bitcoin below $60,000. With the selloff possibly over, it is projected that the market might start its recovery phase. The price of the coin is up 0.91% in the past 24 hours to $58,236.12.