{"id":24351,"date":"2024-07-04T21:00:45","date_gmt":"2024-07-04T18:00:45","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24351"},"modified":"2024-07-04T16:07:42","modified_gmt":"2024-07-04T13:07:42","slug":"german-government-offloads-another-1300-bitcoin-to-major-exchanges","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/german-government-offloads-another-1300-bitcoin-to-major-exchanges\/","title":{"rendered":"German Government Offloads Another 1,300 Bitcoin to Major Exchanges"},"content":{"rendered":"

The German government has continued its streak of selling seized Bitcoin, offloading another 1,300 BTC to major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. This news comes amidst a recent downturn in the Bitcoin price, raising concerns of a potential market impact.<\/p>\n

Details of the Bitcoin Liquidation<\/strong><\/p>\n

Total Amount Sold: 1,300 BTC (approximately $76.5 million based on current market value)<\/p>\n

Exchange Breakdown:<\/p>\n

Bitstamp: 500 BTC ($29.95 million)<\/p>\n

Coinbase: 400 BTC ($23.24 million)<\/p>\n

Kraken: 400 BTC ($23.24 million)<\/p>\n

Bitcoin<\/a> Price Dip: The Bitcoin price fell below $58,000 shortly after the news of the sale.<\/p>\n

Adding to the intrigue, the German government also transferred a separate 1,700 BTC (approximately $98.76 million) to an unknown wallet. This move sparks speculation of a potential further selloff, as similar transfers preceded previous exchange dumps.<\/p>\n

With this latest sale, the German government has now liquidated nearly 10,000 BTC, bringing its total holdings down to approximately 40,359 BTC (valued at $2.32 billion).<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The German government has continued its streak of selling seized Bitcoin, offloading another 1,300 BTC to major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. This news comes amidst a recent downturn in the Bitcoin price, raising concerns of a potential market impact. Details of the Bitcoin Liquidation Total Amount Sold: 1,300 BTC (approximately $76.5 million based<\/p>\n","protected":false},"author":1,"featured_media":20303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[7182,61,1941,60,151,7183,7180,1564,2910,5414,7181],"class_list":["post-24351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-arkham-intelligence","tag-bitcoin","tag-bitstamp","tag-btc","tag-coinbase","tag-flow-traders","tag-german-government","tag-kraken","tag-liquidation","tag-market-downturn","tag-unknown-wallet"],"yoast_head":"\nGerman Government Offloads Another 1,300 Bitcoin to Major Exchanges - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/german-government-offloads-another-1300-bitcoin-to-major-exchanges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German Government Offloads Another 1,300 Bitcoin to Major Exchanges - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The German government has continued its streak of selling seized Bitcoin, offloading another 1,300 BTC to major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. 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