Surprising Bitcoin Move by the German Government. 🇩🇪🪙
Germany continues to stir up the cryptocurrency market. Most recently, on July 9th, the government transferred over 6,200 Bitcoins worth $355 million to Kraken and B2C2 Group and simultaneously received $96 million worth of Bitcoin back from Bitstamp.
These complex transactions have caused confusion in the market. Especially since the government recently created a positive atmosphere by withdrawing $200 million worth of Bitcoin from exchanges, this move has resulted in a 1.6% drop in Bitcoin's value, bringing it down to $56,900.
Germany still holds Bitcoin worth $1.71 billion. The government's active role in the cryptocurrency market continues to intrigue investors.
