web3.0German Authorities Sold 10,567 BTC Worth $600 Million Today, Significantly Contributing to an 18% Drop in Bitcoin\'s Price Over the Past Month, Alongside Sell-Offs from Mt. Gox and Genesis Trading
As of 1:00 p.m. EST, Thursday, July 11, the wallets linked to German authorities hold a remaining 4,925 BTC, currently valued at $285 million.
German authorities sold 10,567 BTC today, contributing to an 18% drop in Bitcoin’s price over the past month. The wallets linked to German authorities now hold a remaining 4,925 BTC.
German authorities’ Bitcoin wallets transferred 10,567 BTC to exchanges like Bitstamp, Coinbase, and Kraken, as well as other service providers. Earlier in June, the German Federal Criminal Police Office (BKA) originally seized about 50,000 BTC from the operators of the popular piracy movie website Movie2k.to in 2013. The BKA obtained the Bitcoin in mid-January after receiving a “voluntary transfer” from the suspects.
Tron founder Justin Sun recently proposed to buy the country’s Bitcoin to minimize market damage. Sell-off fears Even though Germany appears to be nearing the end of its sell-off, other entities still need to sell their BTC.
Mt. Gox, which was one of the largest Bitcoin exchanges until it collapsed in 2014, began repaying its creditors after a decade-long process. This payout involves over 140,000 BTC, 143,000 Bitcoin Cash, and 69 billion Japanese yen, totaling approximately $9 billion.
Many analysts were concerned that the unexpected increase in the supply of BTC in the market would lead to significant downward pressure on prices. They feared that many creditors would sell off their holdings to lock in profits.
Adding to the pressure, Genesis Trading has also been actively selling BTC over the last month. Genesis has been liquidating assets, contributing to the increased selling pressure on the market.
The above is the detailed content of German Authorities Sold 10,567 BTC Worth $600 Million Today, Significantly Contributing to an 18% Drop in Bitcoin\'s Price Over the Past Month, Alongside Sell-Offs from Mt. Gox and Genesis Trading. For more information, please follow other related articles on the PHP Chinese website!
Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Apr 12, 2025 am 11:42 AMWe all watched Bitcoin decline after the massive tariffs imposed by Donald Trump and rebound when he eased them for everyone but China.
A Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsApr 12, 2025 am 11:40 AMIn today's fast-paced blockchain world, building a crypto application that seamlessly interacts with multiple networks shouldn't take hours or require juggling endless APIs.
Can Cardano (ADA) Really Hit $2 in 2025?Apr 12, 2025 am 11:38 AMThe crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.
Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Apr 12, 2025 am 11:36 AMBitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000 in the afternoon. Although recovering some of its earlier losses
FARTCOIN Price Prediction: Can This Meme Coin's Price Continue Its 250% Surge?Apr 12, 2025 am 11:34 AMFARTCOIN has been one of the standout performers in the meme coin space, with its price soaring nearly 250% over the last 30 days.
Bitcoin (BTC) Price Risks Drop To $74,000 If This HappensApr 12, 2025 am 11:32 AMCrypto analyst Saeed has outlined a bearish case for the Bitcoin price, predicting that it could still drop to as low as $74,000.
Grayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsApr 12, 2025 am 11:30 AMGrayscale Investments has released its updated “Assets Under Consideration” list for Q2 2025, highlighting a new batch of altcoins that may be featured in future crypto investment products.
Coldware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpApr 12, 2025 am 11:28 AMThe world of cryptocurrency regulation is heating up, with the SEC actively seeking advice from major players like Uniswap (UNI) and Coinbase.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
SublimeText3 Linux new version
SublimeText3 Linux latest version
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
Atom editor mac version download
The most popular open source editor
Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.
