• Germany completes sale of 50,179 seized Bitcoins worth $3.3 billion, in just 24 days.
• Bitcoin briefly dips below $55k amid government sell-off and Mt. Gox payouts.
• Crypto market shows resilience, Bitcoin partially recovers to $57,856.

The German government’s aggressive liquidation of over 50,000 Bitcoin, seized from a piracy website and valued at billions of dollars, has roiled cryptocurrency markets and contributed to recent price declines. 

The latest data reveals the government’s Bitcoin wallet is now empty, raising questions about the impact of such large-scale sell-offs on the volatile crypto landscape.

According to on-chain analytics platform Lookonchain, the German government has sold a total of 50,179 BTC, valued at roughly $3.3 billion, in just 24 days. In the past 24 hours alone, it moved 9,594 BTC, worth a total of $553.7 million. While …

The post German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero appeared first on Coin Edition.

• Germany completes sale of 50,179 seized Bitcoins worth $3.3 billion, in just 24 days.
• Bitcoin briefly dips below $55k amid government sell-off and Mt. Gox payouts.
• Crypto market shows resilience, Bitcoin partially recovers to $57,856.

The German government’s aggressive liquidation of over 50,000 Bitcoin, seized from a piracy website and valued at billions of dollars, has roiled cryptocurrency markets and contributed to recent price declines. 

The latest data reveals the government’s Bitcoin wallet is now empty, raising questions about the impact of such large-scale sell-offs on the volatile crypto landscape.

According to on-chain analytics platform Lookonchain, the German government has sold a total of 50,179 BTC, valued at roughly $3.3 billion, in just 24 days. In the past 24 hours alone, it moved 9,594 BTC, worth a total of $553.7 million. While …

The post German Government Completes Bitcoin Liquidation, Wallet Balance Hits Zero appeared first on Coin Edition.