🚨🚨 BREAKING NEWS 🚨🚨

The German government has once again stirred the crypto market with a major transaction involving 700 Bitcoins, according to blockchain analytics platform Lookonchain. This follows Joana Cotar's calls, an independent member of the German parliament, to halt the liquidation of its remaining #Bitcoin holdings. Cotar, a known crypto advocate, argues Bitcoin can hedge against inflation and bolster economic sovereignty and innovation.

Despite Cotar's support for $BTC , the German government seems determined to continue selling. Lookonchain estimates Germany has already sold approximately $819 million worth of Bitcoin and still holds about $2.3 billion. This ongoing sell-off could add pressure to the already volatile crypto market.

Germany's significant Bitcoin stash came from the seizure of assets from Movie2k.to, a website that aggregated pirated media. Peaking in popularity, Movie2k.to rivaled social media giants in Germany before being shut down in 2013. Authorities confiscated 50,000 Bitcoins from one of the site's operators.

This development underscores the intricate relationship between law enforcement, digital assets, and financial markets, spotlighting the ongoing debates over cryptocurrency use and regulation across various jurisdictions.

#BTC☀ #Bitcoin❗ #BullBanter #BinanceTurns7

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