Bitcoin
Germany moves 750 Bitcoin (BTC), Altcoins bleed liquidity
Bitcoin, after a brief rise above $62,000 early in the Asian session, retreated to $61,400. The price dropped amid significant on-chain activity in the German government’s BTC holdings. According to blockchain detective Lookonchain, the euro zone’s largest economy transferred 750 BTC, valued at more than $46 million, sending 250 BTC to cryptocurrency exchanges Bitstamp and Kraken, an indication that the country may be preparing to sell the tokens. This action, part of a divestment of BTC seized from a privacy website, added to bearish pressures on the market. The government holds more than 45,000 BTC. Ether followed suit with bitcoin, dropping from $3,425 to $3,375 and the CoinDesk 20 Index (CD20) also retreated, losing around 0.14%.