📉 On Monday, the crypto market stabilized after large-scale selling. 🇩🇪 The German government transferred more than 10,000 Bitcoins to crypto exchanges and market makers. However, Bitcoin price fell below $55,000. 😮 According to Arkham Intelligence data, 2,898 Bitcoins that exchanges returned to the German government came from Coinbase, Kraken and Bitstamp.

🔍 The Block research manager Steven Zheng stated that the exchanges returned Bitcoin because they could not sell it within the target price range. Bitcoin fell to $55,200 on Monday but rebounded to $56,662.40 after the US stock market close.

📊 The total market value of cryptocurrencies is 2.07 trillion dollars, and Bitcoin's market share is 53.5%.

🤔 Has the impact of the German government's sales pressure been exaggerated?

📈 According to CoinShares data, the amount entered into digital asset investment products last week was 441 million dollars.

🔮 Bitfinex analyst stated that Bitcoin has reached a potential local bottom.

🎯 Tyr Capital CIO Ed Hindi claimed that the current correction is temporary and the price of BTC will be in six figures by the end of the year.