The transfer of 47,229 Bitcoin to a new wallet address at 12:30 am UTC on July 5 has raised concerns among market participants. Some fear that a potential sell-off by Mt. Gox creditors could further destabilize the market. However analysts suggest that the actual amount of Bitcoin likely to be sold is closer to $4.5 billion.Adding to the market uncertainty the German government has recently transferred over 3,000 Bitcoin worth approximately $173 million to multiple locations. On July 4 blockchain investigator PeckShieldAlert reported that a wallet linked to the German government sent 1,300 Bitcoin (valued at $75 million) to three major crypto exchanges: Coinbase, Kraken and Bitstamp. An additional 1,700 Bitcoin was moved to a separate wallet address.
sekar nallalu Cryptocurrency,Price Analysis Ethereum Price Analysis: ETH Plummets as Bitcoin Faces Pressure from Government Transfers and Mt. Gox Repayments
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