Bitcoin risks 30% loss against XRP if triple bottom confirms
XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox- and German government-led sell-off in the BTC market may spark renewed interest in the altcoin.
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XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox- and German government-led sell-off in the BTC market may spark renewed interest in the altcoin.
The German and U.S. governments make strategic moves with significant Bitcoin and Ethereum transfers, drawing market attention.
As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million [...]
The post US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion appeared first on Crypto Breaking News.
Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.
The US government holds about $18.50 billion worth of Bitcoin, which it may sell entirely ahead of Donald Trumps presidency.
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