TLDR Crypto · MARKETS & BUSINESS

GERMANY BEGINS SELLING ITS BITCOIN BILLIONS, TRIGGERING VOLATILITY FEARS

decrypt.co4 min read

Summary from the TLDR Crypto newsletter

The German government has begun selling the $3 billion of Bitcoin it seized from a movie piracy website. It has sold over $195 million in BTC in the past day and moved coins between wallets. Analysts believe this demonstrates bearish sentiment from the government and could cause short-term market volatility.