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Bitcoin (BTC) is lingering at $58,200 and altcoins are calm. However, there is some good breaking news. Yesterday, we mentioned that the German government’s BTC holdings had significantly decreased. Today, it was expected that all assets would be zeroed out, and that is exactly what happened. The FUD ends with the rapid sales.
Germany’s Bitcoin Holdings Depleted
After the last $223 million transfer to Kraken and some addresses, the German government’s BKA has exhausted its holdings. Germany no longer has a single Bitcoin (BTC) to sell. It is not difficult for this good news to reverse. MTGOX transfers or new exits from Genesis Trading addresses could turn things around.
However, for now, since the constant on-chain alarms were due to Germany sales and this has now ended, investors can breathe a sigh of relief. BTC started making new attempts above $58,400 as this article was being prepared.
With the end of the breaking news about thousands of BTC moving daily, there could be sudden rises over the weekend. Of course, crypto is full of surprises and not all mines have been cleared.
