German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion

July 18, 2024 Bitcoin.com

Bitcoin

German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal proceedings at the Leipzig Regional Court. 2.64 Billion Euros Raised […]

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Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review

July 14, 2024 Bitcoin.com

Bitcoin Price Predictions

Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s year-end price could reach between $50,000 and $100,000. In Zambia, new guidelines may outlaw foreign currency use, imposing severe penalties […]

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German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations

July 13, 2024 Bitcoin.com

Bitcoin

According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty until donations started coming in. German Government Now Has More Bitcoin The […]

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German Government Resumes Bitcoin Selling Spree, Currently Holding Less Than 4,000 BTC

July 12, 2024 The Daily Hodl

Arkham Intelligence

The government of Germany is continuing its Bitcoin (BTC) sell-off, bringing its total number of tokens down below 4,000. According to new data from blockchain “de-anonymizing” platform Arkham Intelligence, during the last 24 hours, the German government has sold hundreds of millions of dollars worth of BTC, continuing its trend of selling off the crypto […]

The post German Government Resumes Bitcoin Selling Spree, Currently Holding Less Than 4,000 BTC appeared first on The Daily Hodl.

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German Government Is Now out of Bitcoin, Arkham Data Shows

July 12, 2024 Bitcoin.com

Bitcoin

The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin […]

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Bitcoin bottom signal? German gov’t runs out of BTC to sell

July 12, 2024 Coin Telegraph

Bitcoin Analysis

Bitcoin’s price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC.

Bitcoin’s price may have seen the local bottom as the German government is running out of Bitcoin to sell. Technical indicators point to the potential beginning of a reaccumulation phase.

The German government’s wallet is down to just 3,856 Bitcoin (BTC), only three weeks after it started selling.

As a result, the additional $222 million worth of selling pressure has pulled BTC’s price below $60,000 over the past week, but signs of a potential bottom are starting to emerge.

Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K

July 12, 2024 Coin Telegraph

Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach K

Bitcoin Price

Bitcoin’s fear and greed index has tumbled to “extreme fear” for the first time since January 2023, as BTC struggles to reclaim a crucial price level.

The Crypto Fear and Greed Index — an indicator that tracks market sentiment toward Bitcoin and crypto — has fallen to “extreme fear,” its lowest level since January last year.

The tumbling index score came as the price of Bitcoin failed to break above the $60,000 mark for the second time in the last 48 hours.

In a July 11 post to X, crypto and forex trader Justin Bennett told his 111,000 followers that Bitcoin’s price level had rejected $60,000 “yet again,” noting the formation of a potential “rising wedge,” which suggests further downside in the coming days.

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From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues

July 11, 2024 Bitcoin.com

Arkham Intelligence

Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 […]

Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins

July 11, 2024 Bitcoin.com

Arkham Intelligence

At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested […]

Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow

July 10, 2024 Bitcoin.com

Arkham Intelligence

Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers […]

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