Altcoins
Germany moves 750 Bitcoin (BTC), Altcoins lose liquidity
Bitcoin, after a brief surge above $62,000 in the first Asian session, fell to $61,400. The price fell due to significant on-chain activity in the German government’s BTC holdings. Second blockchain investigator Lookonchain, the eurozone’s largest economy transferred 750 BTC, worth more than $46 million, sending 250 BTC to cryptocurrency exchanges Bitstamp and Kraken, indicating the country may be preparing to sell the tokens. This action, part of a divestment of BTC seized from a privacy website, increased bearish pressure on the market. The government holds over 45,000 BTC. Ether followed Bitcoin’s lead, falling from $3,425 to $3,375, and the CoinDesk 20 Index (CD20) also retreated, losing about 0.14%.