🔥🔥 German Government Can’t Stop Selling Bitcoin: 😱😱😱
✍️The German government has made a new crypto transfer that has rattled the crypto market. The German government has made waves in the cryptocurrency market with yet another massive transfer.
According to blockchain analytics platform Lookonchain, it transferred another 700 Bitcoins just hours ago. The recent transfer comes after Joana Cotar, an independent member of the German parliament, urged the government to stop liquidating the remaining Bitcoin holdings. The cryptocurrency-friendly politician argued that the largest coin could potentially serve as an inflation hedge while also promoting economic sovereignty and innovation.
Her arguments, however, evidently fell on deaf ears given that the German government continues its massive selling spree. Lookonchain has estimated that the German government has already transferred a whopping $819 million worth of Bitcoin. It continues to hold roughly $2.3 billion worth of Bitcoin, meaning that the battered cryptocurrency market could still face a lot of selling pressure.
📢 Io token price prediction
The 15-minute chart indicates that the IO token is approaching a significant resistance level at $5.215. If the current upward trend continues, this resistance could be breached, potentially increasing IO's market value.
