The German government is preparing for a $276 million Bitcoin sell-off, having recently moved 3,100 BTC worth $178 million.
The German government has continued its Bitcoin sell-off after sending roughly 3,100 BTC worth around $178 million in the span of an hour on July 9.The main government address currently holds around 26,000 BTC worth $1.5 billion, while the address used to off-load holdings currently holds 4,800 BTC worth $276.61 million.
Wall Street traders expect a 72% chance of the US Federal Reserve cutting interest rates in September, so the lower interest rate could help boost investment in BTC.
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