In a surprising move, the German government has repurchased 1,915 Bitcoins valued at $111.5 million from major exchanges such as Kraken, Bitstamp, and Coinbase.
This acquisition marks a significant shift from the recent trend of Bitcoin sales that had previously caused market volatility. The purchase was confirmed by data from Arkham Intelligence, highlighting the government’s strategic reversal.
Justin Sun, founder of Tron, has suggested engaging in negotiations with the government to mitigate any potential market disruptions caused by such large-scale transactions. The unexpected buyback has sparked speculation and renewed optimism among Bitcoin investors globally, following weeks of uncertainty due to the government’s earlier sales.
Meanwhile, Solana coin Sol, surged nearly 20% after the dip at $118
There’s a new ICO projecct going viral in the crypto meme space: ChillMemez(CHIMZ) This project…
CryptoSaba is one of the leading faces in the field of cryptocurrency and finance, among…
Dominated by Memecoins and barely acknowledged altcoins, the fast-changing world of cryptocurrency has $FU shine…
Dubai, UAE – 12/19/2024 – Predipie is a pioneering project situated at the exciting intersection…
Reploy AI, a crypto project that promises to transform the Web3 development workflow with AI-powered…
Prebit is the pioneering Perpetual DEX on Binance Smart Chain, setting unprecedented records on the…