🚨🚨🚨The German government now has less than 10,000 BTC🚨🚨🚨

The German government now has less than 10,000 BTC, just 18% of what it had less than a month ago.

The German government's bitcoin wallet has shrunk to 9,094 bitcoins - just 18% of what it started with - following the latest series of transfers to crypto exchanges on July 11.
The wallet, which has been storing bitcoins
BTC
tickers down
€53,717
seized in an operation against a movie piracy website in January, has transferred billions in bitcoin since June 19, but stepped up its efforts in early July.
On July 11, the wallet briefly fell below 5,000 BTC after sending 10,620 BTC valued at about $615 million to crypto exchanges Coinbase, Bitstamp, Kraken, Flow Traders and two anonymous addresses, the blockchain intelligence company noted. Arkham.
However, shortly after, some of those funds were transferred back to the German government wallet, bringing Germany's bitcoin holdings back above 9,000 BTC.

The current count means the German government only owns 18% of the 49,857 bitcoins it seized from movie piracy website Movie2k in January.
Arkham believes that the two anonymous addresses ending in "139Po" and "bc1qu" are likely owned by institutional depository or over-the-counter trading service providers. However, this has not been confirmed.
Germany's sell-off has not sat well with German lawmaker and bitcoin activist Joana Cotar, who argued in early July that BTC could have been adopted as a "strategic reserve currency" to protect against risks in the traditional system.
One Ordinals user apparently expressed his own frustrations in an inscription, which translates to "Taxes are theft."

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Key#BTCPrice Levels Emerge as $58,000 Reaches
#Bitcoinrises slightly while the US dollar weakens on the latest PPI inflation data, but BTC price strength still does not convince analysts.

Bitcoin hit #USD58,000 around the opening of#WallStreeton July 12 as markets reacted to "sticky" US inflation data.
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#USDT remains the dominant stablecoin in Europe after arrival of MICA standards

As#MiCAcomes into force, USDT daily trading volume decreases on some exchanges

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A week after the Cryptoasset Market Regulation (MiCA) stablecoin rules came into effect, USDT trading remains dominant in the European Union (EU) market.
This is stated in the most recent report from the Kaiko firm in which they indicate that USDT, together with the other stablecoins that have not yet complied with the parameters of the new legislation, continue to dominate 88% of the market.

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Bitcoin faces pressure from Germany, 🇩🇪
I tell you

The price of the digital currency is approaching USD 60,000, but there are conflicting views on the direction it will take in the coming weeks.

This week the bitcoin (BTC) market continued to face pressure from sales of confiscated BTC carried out by the German government for a month.
Along with payments made to creditors of the defunct Mt. Gox exchange, these sales drove the price of the digital currency downward.

Despite this, the price of bitcoin has experienced a rebound during the week and remains in a range of around USD 58,000 to USD 60,000, although it must still show strength to avoid new relapses. Analysts consider it too early to determine whether the cryptocurrency will not visit lower prices in the short term.

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