German Government's Massive $2.88B Bitcoin Sell-Off Explained!

July 17, 2024 July 17, 2024

German law enforcement agencies sold seized Bitcoin worth $2.88 billion

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The Bitcoin sale took place from June 19 to July 12 and is one of the largest liquidations of confiscated cryptocurrency by any government.

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The sale was designed to be fair and not disrupt the market. Bitcoin's price experienced volatility but recovered to $65,000 after the sale.

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The overall crypto market is trading higher than when the sell-off began. Bitcoin dipped to $54,000 during the sell-off but bounced back significantly.

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Want to know more about the German Bitcoin Saga?

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