Hello crypto enthusiasts! 🌟
Bitcoin (BTC) is on a roll, rising 1.70% intraday to $58,885. What is driving this rally? The BTC sell-off by the German government and a weakened US dollar.
- The German government has sold more than $2.5B in BTC since June, but still has 9,100 BTC.
- Institutional investors bought on the dips, accumulating more than 10,000 BTC.
- The dollar index (DXY) fell to its lowest level in five weeks.
Do you think BTC will continue to rise? Leave your opinion in the comments! 🚀