tl;dr

The German government has continued its Bitcoin divestment, transferring an additional 400 BTC to major cryptocurrency exchanges. Over the past few days, more than 2,500 BTC have been sold from an address linked to German authorities, coinciding with current market tensions. The persistent nature of...

The German government continues its Bitcoin divestment, transferring an additional 400 BTC to major cryptocurrency exchanges. Over the past few days, over 2,500 BTC have been sold from an address linked to German authorities, coinciding with current market tensions.

The latest transfer saw Kraken and Coinbase each receiving 100 BTC, while Bitstamp received the largest portion of 200 BTC. Despite these sell-offs, Germany's Bitcoin holdings have appreciated to $2.8 billion, with $961 million in unrealized profit. Despite the sell-offs, Bitcoin's price has surged above $62,000 with a $1.2 trillion market capitalization.

According to Arkham, the German government transferred 400 BTC to Bitstamp, Coinbase, and Kraken at 16:25 UTC 8, valued at approximately $25.28 million. This follows a pattern of transfers over the previous two weeks, totaling more than 2,700 BTC sent to centralized exchanges.

Despite the German government's sell-off, Bitcoin's price has shown resilience, surging above $62,000. At the time of reporting, Bitcoin's live price stands at $62,868.28, with a 24-hour trading volume of $23.8 billion. Bitcoin's market capitalization is approximately $1.2 trillion, reflecting its continued dominance in the cryptocurrency market despite recent sell-offs.

More about Rush Street Interactive Inc

Rush Street Interactive Inc

Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.

TRADE & SERVICES

SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION

Revenue: 2158354000

Net Income: None

Earnings Per Share: None

Market Cap: 746228000

Current Stock Price: 10.03

Dividend Yield: 0

Relative Strength Index (RSI): 0.888

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The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 14 Nov 24
 14 Nov 24
 14 Nov 24