Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was
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German gov’t transfers another $52M Bitcoin, threatening more BTC selling pressure
The repeated Bitcoin transfers to centralized exchanges suggest that the government is planning to sell its $2.75 billion worth of BTC holdings.
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Solana Climbs 8.1% Following Vaneck’s SEC Filing for SOL-Based ETF
Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S.
Read moreGerman gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken
The added selling pressure from the German government could tank Bitcoin price below the key $60,000 mark.
Read moreOver $122M Bitcoin longs liquidated as BTC falls below $61K
The incoming selling pressure from the Mt. Gox repayment could still cause the Bitcoin price to fall below the psychological $60,000 mark.
Read moreIs Standard Chartered setting up a Bitcoin, Ether trading desk?
A Standard Chartered representative told Cointelegraph that the firm has been working with regulators to support institutional clients’ demand for trading BTC and ETH.
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