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