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 fell amid significant on-chain activity in the German government’s BTC holdings. According to Lookonchain blockchain detectivethe eurozone’s largest economy transferred 750 BTC, worth 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. The move, part of a divestment of BTC seized from a privacy website, added to bearish pressures in the market. The government holds more than 45,000 BTC. Ether followed bitcoin’s lead, falling to $3,375 from $3,425, and the CoinDesk 20 Index (CD20) also retreated, losing about 0.14%.