Germany’s bitcoin gross sales and Mt. Gox’s reimbursements have not too long ago shaken up the crypto market, and the drama will not be over but. The eurozone’s largest economic system nonetheless holds 39,826 BTC price $2.2 billion, in keeping with knowledge tracked by Arkham Intelligence. The stash, a possible supply of promoting stress, represents almost 9% of BTC’s 24-hour buying and selling quantity of $25.3 billion, suggesting additional worth turbulence. Early this 12 months, the German Federal Legal Police Workplace seized 49,857 BTC from the operators of Movie2k.to, a privateness web site that was final lively in 2013. Since mid-June, the federal government has liquidated over 10,000 BTC, placing downward stress on the cryptocurrency’s going market fee.
