German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken
![German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken German gov’t offloads 900 Bitcoin, with 400 BTC sent to Coinbase and Kraken](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https:/s3.cointelegraph.com/uploads/2024-06/e07b8c51-f3bd-4309-ac61-ea2aa8a53555.jpg)
The German government has sold 900 Bitcoin, worth over $54 million, in three transactions. This move could increase selling pressure, potentially pushing Bitcoin’s price below the critical $60,000 mark.