Recent governmental actions have impacted the crypto market. The German government transferred over $150 million in $BTC to exchanges Bitstamp and Kraken, adding to selling pressure. Bitcoin saw a drop to a monthly low of $58,649 on June 24, with bearish market sentiments. However, major BTC holders added 7,130 BTC ($436 million) to their portfolios on the same day. Bitcoin ETFs experienced net outflows of $542 million over a week, reflecting market volatility and cautious sentiment among investors.
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