The German government recently completed an "emergency sale" of about 50,000 Bitcoins, which were seized in January during an investigation into hacking and money laundering activities. The sale, totaling around $2.88 billion (€2.639 billion), was executed regardless of Bitcoin's market price, as officials emphasized that price and market conditions were not a factor in their decision. They aimed to sell the Bitcoins as quickly as possible. On the day the sale began, Bitcoin was priced at approximately $65,000 but fell to $53,500 due to selling pressure and market anxiety. It has since rebounded to around $65,000.

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