According to Arkham data, the wallet labeled as the German government had three transactions at approximately 16:25 p.m., transferring 400, 500, and 400 BTC respectively to three exchanges: Kraken, Bitstamp, and Coinbase, with a total current price of approximately US$75 million.

At press time, the price of Bitcoin fell to the 57,400 level.

This article Bitcoin 57K! The German government transfers another 1,300 BTC to the exchange first appeared on Chain News ABMedia.