US and Germany are moving their Bitcoin 💨

Are governments dumping their Bitcoin? Latest data shows BTC on the move.

Author

Andrew Hayward
July 01, 2024

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📝 What you need to know

Bitcoin is off to a positive start this week, up nearly 2% on the day to a price around $63,300 and bouncing back just one week after plunging below the $60,000 mark. And as Bitcoin goes, so too does the rest of the market, with the vast majority of coins in the top 100 by market cap in the green today.

The market doesn’t appear spooked by news that the German government is moving its Bitcoin to exchanges again, following multiple moves last week, and the U.S. government also moved some of its seized assets around. All told, the two governments made more than $100 million worth of BTC moves on Monday ahead of potential sales.

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