🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
The German government is set to sell nearly 50,000 Bitcoins in 2024, missing out on a potential profit of $2.3 billion.
According to data from Arkham, a blockchain intelligence platform, the German government sold 49,858 bitcoins in batches between June and July 2024 through wallet addresses marked as "German Government (BKA)", with an average selling price of about $57,900 and a total of about $2.89 billion in cash. The bitcoins were previously seized by the German Federal Criminal Police Office (BKA) from the operators of the pirate movie website Movie2k. As of May 2025, the price of Bitcoin has risen to more than $104,700, and if the German government holds the coin, it will have a market capitalization of about $5.24 billion, which means missing out on about $2.35 billion in potential gains. Miguel Molel, founder of Arkham, said the German government's approach to the sale showed a rush to get liquidity and may not have been able to achieve the best market execution. (Cointelegraph)