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News Explorer — German Government Has Transferred 1,300 Bitcoin to Exchanges

Generated by AI, curated by humans

Jul 4, 11:28 am

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German Government Has Transferred 1,300 Bitcoin to Exchanges

The German government has transferred approximately 1,300 Bitcoin to major cryptocurrency exchanges, causing a decline in Bitcoin's value and impacting the broader crypto market. This transfer, one of the largest by the German government in recent weeks, contributed to Bitcoin dropping below the critical 200-day simple moving average. The sell-off has also affected the German government's Bitcoin portfolio, which has decreased by $136.17 million in the last 24 hours.

The German government has transferred approximately 1,300 Bitcoin to major cryptocurrency exchanges, causing a decline in Bitcoin's value and impacting the broader crypto market. This transfer, one of the largest by the German government in recent weeks, contributed to Bitcoin dropping below the critical 200-day simple moving average. The sell-off has also affected the German government's Bitcoin portfolio, which has decreased by $136.17 million in the last 24 hours.

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