German government "cannot sell" currency? BTC may have hit a local bottom
At the beginning of that day's trading session, the German government's address transferred more than 10,000 of its Bitcoin holdings to crypto exchanges and market makers in multiple batches. Bitcoin price once dropped below 55,000 USD. However, Arkham Intelligence data shows US stocks during the close. corresponding to approximately 01:56 a.m. Beijing time on Tuesday), the German government address received 2,898 Bitcoins returned from the exchange, equivalent to approximately $163 million, mainly from Coinbase, Kraken and Bitstamp.
Altcoins had mixed values, with the top 200 tokens by market capitalization seeing more declines than gains. Among them, aelf (ELF) led the increase, up 21.5%, trading at 0.421 USD, Celestia (TIA) and Curve DAO Token (CRV) increased by 14.5% and 10.1%, respectively.
