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German Government Continues to Sell Bitcoin

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Bitcoin has moved between $57,000 and $54,000 during the past July 4th holiday. The price of bitcoin reached a new 2024 post-halving low of around $53,500, a one day drop of 8% before bouncing back.

The German government has moved an additional $360 million worth of bitcoin to various exchanges. (source)

 

 

Reports show the German government has continued to move their bitcoin on and off exchanges, which has been affecting the price of bitcoin and giving an opportunity for buyers to scoop up cheaper sats.

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