Crypto Daily – The crypto market is experiencing increased volatility, resulting in severe price drops. Today’s on-chain analysis revealed that a German Government-labelled crypto wallet sold 900 , leading to concerns that $BTC may drop below its key $60,000 mark.
A German government crypto wallet moved another 900 Bitcoin ($BTC) in three individual transactions today. The transactions have sparked fears that $BTC may drop below its critical $60,000 level.
Millions in Seized Bitcoin Sent to Major Exchanges
A wallet connected to the German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to major crypto exchanges today. According to data from blockchain analysis firm Arkham, the wallet sent 200 $BTC to Coinbase (NASDAQ:), 200 $BTC to Kraken and 500 $BTC (worth over $30 million) to an unknown wallet, “139Po”.
While wallet “139Po” remains unknown, the German government previously interacted with it. On June 19, the government sent 500 BTC to…
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