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German government moves $895 million in BTC; crypto exec calls dump “overestimated”

Tags: bitcoin
DATE POSTED:July 8, 2024

The German government resumed its Bitcoin (BTC) outflow spree today with roughly 16,039 BTC sent to exchanges and market makers. This amount is equivalent to nearly $895 million. After the movement was reported by on-chain data platform Arkham Intelligence on X, Bitcoin took a quick 3.5% dive in a few minutes before a quick rebound.

The post German government moves $895 million in BTC; crypto exec calls dump “overestimated” appeared first on Crypto Briefing.

Tags: bitcoin