Bitcoin Drops as German Government Unloads Over $900M Worth of BTC

According to blockchain data platform Arkham Intelligence, Bitcoin wallets labeled as belonging to the German government moved a total of roughly 16,309 BTC in several batches to external addresses, including to crypto exchanges Bitstamp, Kraken and Coinbase and market makers Flow Traders and Cumberland DRW.


Bitcoin Faces “Dead Cat Bounce” Concerns

Bitcoin (BTC-USD) closed last week at its lowest point in four months, triggering apprehension among traders who fear this could signal further declines. The term “dead cat bounce” refers to a temporary recovery in the price of an asset following a …