⚕️German authorities hold less than $1 billion in BTC🌟
⭐In the accounts of the German government remained bitcoins, less than $1 billion, this was reported by Arkham researchers. They recorded another movement of funds associated with the wallet of the authorities of the European country.
⭐Thus, the German government continues to sell confiscated bitcoins. According to Arkham, half an hour ago, another 3,000 BTC worth $176.26 million was sent to the accounts of the Flow Traders trading company. In total, 8,853.5 BTC worth $520.17 million were moved during the day. The German government is currently holding 15,110 BTC, equivalent to $883.7 million.
⭐Earlier in the day, the German authorities made several significant transactions. 5,000 BTC worth $293.77 million were sent to domestic accounts and 1,500 BTC ($88.31 million) to an unknown address. This activity indicates an ongoing strategy to sell off cryptocurrency assets.
⭐It is worth noting that many analysts are actively using the Arkham platform for tracking and transactions of the German government. Experts speculate that the strategy of selling and transferring significant amounts of bitcoins may be aimed at mitigating confiscations and integrating digital assets into the economy.
⭐Users and analysts in the cryptocurrency market are closely watching the German government's further actions regarding these assets, as this could affect the bitcoin market as a whole.
⭐As of July 10, 2024, bitcoin quotes are at $58,500. This figure is up 1.85% in the past 24 hours. However, it is 2.75% lower than similar values from a week ago. In addition, 30 days ago, the value of the digital coin was 15.7% higher. The market capitalization of the virtual asset is $1.15 trillion. Daily transaction volumes with BTC reached $27.47 billion.
