• The U.S and Germany governments , has been moving around 1.500 $BTC ,obtaining the attention of all the crypto market.

  • #MtGox was one of the largest Bitcoin exchanges in the 2014, they got involved in a hack, loosing around 9.500 Bitcoins.

According to @Cointelegraph

On July 1, the German government moved 1,500 BTC worth roughly $95 million to multiple crypto exchanges, while the U.S. government moved 3,375 $ETH ETH worth $11.75 million to an unknown address.

Those movements by the U.S and Germany governments suggest strategic management of the held funds, with Germany potentially looking to liquidate its holdings. And, The U.S movement of funds to an unknown wallet could suggest a general shift in ETH fund management.

According to #CNBC , In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will begin paying back thousands of users almost $9 billion worth of tokens.

20,000 creditors would begin in early July. Disbursements will be in a mix of bitcoin and bitcoin cash, an early offshoot of the original cryptocurrency.

While this is good news for victims of the hack who have spent years waiting to be made whole, The price of bitcoin slid to $53.000 last week, in the crypto market’s second-worst weekly decline of the year.

“Many will clearly cash out and enjoy the fact that having their assets stuck in the Mt. Gox bankruptcy was the best investment they ever made,” said Glover, who was previously a managing director at Barclays. “Some will clearly choose to take the money and run,” added Glover.

Consequently, the market is highly sensitive to any related news. With the announcement that the Trust will begin selling in July, investors are understandably worried,” said Butterfill.

The U.S. and German governments recently moved significant amounts of cryptocurrency. Germany transferred 1,500 BTC (worth $95 million) to crypto exchanges, while the U.S. moved 3,375 ETH (valued at $11.75 million) to an unknown address. These actions suggest strategic fund management, with Germany possibly considering liquidation. Mt. Gox, once a major exchange, is set to repay $9 billion to victims after years of waiting. Despite this positive development, Bitcoin’s price dropped to $53,000 last week, causing concern among investors. Some may cash out, while others see it as a long-awaited opportunity. The market remains sensitive to related news, especially with the Trust selling in July. 😊🚀