Germany Moves 750 BTC; Altcoins Bleed Liquidity in First Mover Americas

First Mover Americas: Germany Moves 750 BTC, Altcoins Bleed Liquidity

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Bitcoin, after a brief surge above $62,000 in the early Asian session, retreated to $61,400. The price fell amid significant on-chain activity in the German government's BTC holdings. According to blockchain sleuth Lookonchain, the eurozone's largest economy transferred 750 BTC, valued at over $46 million, sending 250 BTC to crypto exchanges Bitstamp and Kraken, an indication that the country may be preparing to sell the tokens. This action, part of a divestment of BTC seized from a privacy website, added to bearish pressures in the market. The government holds over 45,000 BTC.