Barely two weeks after Germany's government sold Bitcoin, the U.S has reportedly moved some BTC to Coinbase sparking concerns.
holdings? Recent data suggests that this could be a possibility that could lead to another massive wave of sell pressure.
This comes after the German government’s decision to offload their BTC, an outcome that many criticized. A recent development points to the possibility that the U.S. might still sell their Bitcoin.revealed that the U.S. government moved 58.74 BTC from its website to Coinbase Prime. This action was presumably with intent to sell.
The U.S. elections are still three months out. This means the current administration has ample time to dump their BTC holdings within that time. The news that the U.S. moved BTC from its wallet would first trigger a reaction from whales if it was a major sale. Bitcoin’s performance in the last 48 hours indicated that the hype has slowed down.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German-Bitcoin sell-off: With BTC worth $551M sold, is the king’s crown slipping?Despite the recent rise 3% in Bitcoin’s [BTC] price over the last 24 hours, the German government continues to transfer the coin.
Read more »
Bitcoin traders, here’s why you should watch out for this sell signal!Bitcoin [BTC], as the market's top crypto, led the bull market last week as its price rallied considerably on the charts...
Read more »
Germany’s Bitcoin sell-off – Assessing the impact of 50K BTC being offloadedAMBCrypto had reported previously about the German government selling its BTC holdings in batches. The state’s Criminal Police Office...
Read more »
Bitcoin finds its footing despite German sell-off as key area surgesGermany has been actively selling off a significant portion of its Bitcoin holdings in recent transactions.
Read more »
Bitcoin whales on the move at $57K – To buy or sell?Explore Bitcoin's bullish trends with whale activity, a favorable long/short ratio, and key resistance levels.
Read more »
Bitcoin rebounds above $56k after sell-off: on-chain data hints at long-term buyingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »