What’s Happening with Bitcoin and Ethereum? While Germany Continues to Sell BTC, the USA Moves Its Ethereums!

The German government continues Bitcoin (BTC) sales from where it left off. According to on-chain data and analysis platform Arkham Intelligence data, the address labeled as belonging to the German government made Bitcoin transfers again.

According to Arkham Intelligence data, the German government transferred a total of 400 BTC worth approximately $25.28 million to Bitstamp, Coinbase and Kraken today.

Since the last two weeks, the German Government has transferred a total of more than 2,700 BTC to CEXs.

Related News: Germany Continues Where It Left Off in Bitcoin: Here’s Its New Million Dollar Move!

The German Government currently holds 44,692 BTC worth $2.81 billion.

Ethereum Transfer from USA!

Again, according to Arkham data, the address “0x05…e049”, labeled as the US Government, transferred 3,375 thousand Etheruem worth approximately $11.75 million to the address “0x5a…1871”, which is unknown today.

The address contains seized funds from Estonian crypto entrepreneurs Potapenko and Turogin. Previously, another US government address used to hold the seized funds transferred 11.84 BTC to 3KHnTq…muuso9.

There is no ETH left in the US Government’s address.

*This is not investment advice.

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