$BTC Feels the Chill as Germany Sells Seized BTC (Brrr!) ๐๐ฅถ๐ฉ๐ช
Bitcoin's been taking a bit of a tumble lately, down 3.25% in the past day. ๐ด๐ฅThe price is currently sitting at $63,769.54 per token, with a trading volume of $26 billion. Some folks think this dip might be connected to Germany's ๐ฉ๐ช recent decision to sell off some of the Bitcoin they seized from a movie piracy website way back in 2020. ๐
Here's the deal: ๐ป๐
๐ฅ Germany got their hands on a whopping 50,000 Bitcoin from that bust.
๐ฅ They've recently started selling some of it - around 3,000 BTC so far.
๐ฅ Funny thing is, the price of Bitcoin has actually gone up since they seized it, so they're sitting on a cool $1.1 billion profit! (Lucky them). ๐คก
๐ฅ Even after selling some, their remaining Bitcoin stash is still worth over $3 billion.
So, is Germany's fire sale causing the recent Bitcoin dip? ๐คท It's tough to say for sure, but the timing is interesting! DYOR! #BTC #BTCFOMCWatch #MicroStrategy