Crypto Market Awaits Reaction After German Government Now Has Zero Bitcoin
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The German government has sold off its last Bitcoin (BTC) holdings, completing a series of transactions on July 12. This sell-off, which routed BTC to exchanges like Kraken and Coinbase, has incited much debate within the crypto community about the potential long-term market effects. Initial sell-offs started on June 19 and affected Bitcoin's trading price, which dropped below $60,000 from an initial $65,000. Although this sell pressure applied short-term financial shocks, experts foresee a positive outlook for Bitcoin once the market fully absorbs these sales.
Source: beincrypto.com ↗
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