The German government continues to actively sell its bitcoins, transferring them to cryptocurrency exchanges. According to Lookonchain, another 700 BTC was recently transferred. 📉

Since June, there has been a trend towards selling bitcoins, which puts pressure on the cryptocurrency market. Despite significant sales, the Germans remain with 39,826 BTC, worth $2.29 billion.

Since June 19, 17,788 BTC (approximately $1.08 billion) has been transferred between the German and US governments, as well as the former Mt. Gox.

The price of Bitcoin has faced volatility due to uncertainty surrounding the US presidential election, the upcoming payout of the former Mt. Gox, and pressure to sell from cryptocurrency miners.