German Government Transfers 900 $BTC , Contributing to Market Dip!
18 hours ago, the German Government moved out another 900 BTC, worth approximately $54.76 million. Of this, 400 BTC, valued at $24.34 million, was transferred to Coinbase and Kraken.
In the past 7 days, the German Government has transferred a net amount of 3,500 BTC ($225 million) to various centralized exchanges (CEX), at an average price of $64,364 per BTC.
Currently, they hold 46,359 BTC, valued at $2.88 billion.
The recent 5.18% dip in BTC price over the past week may have been influenced by significant events, including these large BTC transfers by the German Government and the upcoming Mt. Gox repayment set to begin in July.
