BTC Plunges to One-Month Low Bitcoin (BTC) has been on a rollercoaster ride in the past few weeks, with the cryptocurrency reaching an all-time high of $69,000 before experiencing a sharp drop to $64,000. This dip has caused worry among investors who were hoping for a continued bullish trend. However, this is not the only factor contributing to the current market sentiment. German Police Move $425 Million in BTC In a recent development, on-chain data firms have reported that a wallet belonging to the German police has transferred $425 million worth of BTC to various cryptocurrency exchanges. This news has sparked speculation about potential selling pressure from the authorities, which could further contribute to the downward trend of BTC. Implications for the Crypto Market The movement of such a large amount of BTC by the German police has raised questions about the involvement of law enforcement agencies in the cryptocurrency market. With increasing regulatory scrutiny and p...
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