🔔Crypto News Alert🔔: German MP Joana Cotar is making waves in the Bitcoin world! 🌊 She's calling for a halt to the government's Bitcoin sell-offs, arguing it's neither "sensible" nor "productive". 🚫💰

Cotar believes Bitcoin should be adopted as a strategic reserve currency to safeguard against economic instability. 🛡️💱 She's concerned about the government's current strategy, stating, "Instead of holding Bitcoin as a strategic reserve currency, our government is selling on a large scale." 📉

Data from Arkham reveals that over the past month, the German government sold 8,611 BTC, resulting in a net portfolio change of -$820 million at current prices. 😱 Now, Germany holds 41,226 BTC, valued at approximately $2.28 billion. 💰

Recent movements show the German government transferred approximately 1,300 coins, valued at around $75 million, to centralized exchanges like Coinbase, Kraken, and Bitstamp. 🔄

Meanwhile, TRON blockchain founder Justin Sun has expressed interest in acquiring all BTC off-market from the German government. 🤝

This isn't the only factor influencing the crypto market. The anticipated $9 billion compensation payout to creditors of the collapsed cryptocurrency exchange Mt. Gox has also been linked to the recent decline in Bitcoin prices. 📉

Bitcoin's value has dropped below $55,000, a level not seen since February. This follows reports that Mt. Gox transferred about 47,000 BTC, worth approximately $2.7 billion, to a new wallet ahead of the payout. 📉💱

Stay tuned for more updates! 📰🚀