Quick Take Bitcoin’s price has dropped below $58,000, marking its lowest level since May 1, when it traded around $56,500. This decline is driven by continued selling pressure, most notably from the German government, which has offloaded an additional 3,000 BTC. Data from Arkham Intelligence shows significant movements, including 1,300 BTC being transferred to major […]
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German government sell-off continues, pressures Bitcoin below $58,000, lowest since May