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Approximately 14 hours ago, the German government sold roughly $175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with transactions involving large bitcoin wallets like those of the German … Read more
The collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the Rehabilitation Plan. Go to Source
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers were conducted earlier on July 4. The trustee had previously announced that … Read more
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation. Go to Source
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors. Go to Source
The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining … Read more
According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that despite the current crypto sell-off, the options market remains hopeful. Crypto Liquidation Tops $305M as … Read more
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp, and Kraken. Bearish Sentiment Grows as Bitcoin Continues to Slide Bitcoin’s … Read more
BTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a “bull pennant” breakdown on the charts. Go to Source
Data from Arkham Intelligence indicates the Bitcoin was seized from Banmeet Singh, a convicted drug dealer, during his January 2024 trial. Go to Source