Bitcoin trades below $57,100 on Thursday as German government transfers continue, $76 million BTC moved to exchanges. Ethereum trades near $3,100 ahead of the upcoming SEC decision on the Spot Ethereum ETF. XRP erased recent gains and dipped under key support at $0.4508 on Thursday. Bitcoin, Ethereum and Ripple update Bitcoin dipped under $58,000 early on Thursday as German government BTC transfers continue to pile.
OiNG BUST: Technical charts indicate biggest crash in history coming. Prices of real estate, stocks, bonds, gold, silver, & Bitcoin crash. Good time to buy bargains will follow. Technical charts indicate major long term bull market cycle will… — Robert Kiyosaki July 3, 2024 Industry updates Asian journalist Colin Wu reports that the Russian Central Bank is actively discussing proposals on the use of stablecoins pegged to Gold or the US Dollar to establish it as a permanent regulation.
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German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and KrakenThe German government has sold 900 Bitcoin, worth over $54 million, in three transactions. This move could increase selling pressure, potentially pushing Bitcoin's price below the critical $60,000 mark.
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German gov’t transfers another $52M Bitcoin, threatening more BTC selling pressureThe German government has moved another $52M in Bitcoin, suggesting potential selling pressure. With over $2.75B in BTC holdings, these actions could impact the cryptocurrency market significantly.
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