The Latest Crypto Movements by Governments 🌐
Recent activities by the German and US governments have stirred up the crypto market. Here’s a breakdown of their latest moves:
German Government’s Bitcoin Transfer 🇩🇪
- Around $94.94 million worth of Bitcoin moved by wallets linked to the German government.
- 1,500 BTC transferred to various destinations, including major crypto exchanges.
- 1,100 BTC divided between two unknown wallets.
Impact of German Government’s Activity 📊
- German government, a significant state holder of crypto, has been actively moving Bitcoin recently.
- Previous liquidation of $195 million of BTC led to a 3.5% drop in BTC’s price.
- Today’s transfers did not involve token sales, keeping BTC’s price stable around $62,930.
US Government’s Crypto Moves 🇺🇸
- Wallets associated with the US government moved 3,375 ETH, valued at $11.75 million.
- Previous transfer of 3,940 BTC totaling $248 million from a dark web narcotics seller to a Coinbase Prime account.
- US government holds over $13.8 billion worth of cryptos, with Bitcoin dominating over 97% of the portfolio.
Hot Take 🔥
Government activities in the crypto space have a significant impact on the market, influencing prices and creating a stir among investors. Stay tuned for more updates on governmental crypto movements!
Sources:
– [Arkham Intelligence – Germany](https://platform.arkhamintelligence.com/explorer/entity/germany)
– [Arkham Intelligence – US Government](https://platform.arkhamintelligence.com/explorer/entity/usg)
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