The German government decided to sell off all its 50,000 Bitcoin holdings, causing a significant drop in the crypto market. However, after the sell-offs were completed, the Bitcoin price and the market began to recover, surging by over 20%.<\/p>\n
Despite selling off its BTC at an average price of around $57,000, totaling approximately $3 billion, if the German government had not sold and held onto the coins, they would now be valued at around $3.27 billion, considering the current BTC price of $65,400.<\/p>\n
This decision resulted in missing out on a potential $270 million in profit within a week, attracting criticism from German residents, including politician Jaona Cotar, who condemned the move on social media.<\/p>\n
The German government’s sell-offs initially impacted the market negatively, but the subsequent rebound showcased Bitcoin’s resilience. The Bitcoin price rose from around $53,000 to $66,000, marking a 20% increase and shifting market sentiment from Extreme Fear to Greed.<\/p>\n
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The German government decided to sell off all its 50,000 Bitcoin holdings, causing a significant drop in the crypto market. However, after the sell-offs were completed, the Bitcoin price and the market began to recover, surging by over 20%. Value of German Government’s Bitcoin Holdings Despite selling off its BTC at an average price of […]<\/p>\n","protected":false},"author":1,"featured_media":15866,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Germany's Bitcoin Holdings Could Have Been Worth Billions if Not Sold - Bitrabo","description":"The German government decided to sell off all its 50,000 Bitcoin holdings, causing a significant drop in the crypto market. However, after the sell-offs were co"},"footnotes":""},"categories":[316],"tags":[448,6241,3411,682,1209,2554,3420],"class_list":["post-15865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-didnt","tag-germany","tag-heres","tag-sell","tag-tags","tag-title"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=15865"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/15866"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=15865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=15865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=15865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}