This has happened while other large whales are dumping large amounts of BTC.
That is not the only recent large Bitcoin purchase they made. As reported by Akrham, the German government continues to sell BTC. Earlier today, this entity transferred 400 Bitcoins to major cryptocurrency trading platforms Coinbase (NASDAQ:COIN) and Kraken. This amount of BTC is evaluated at roughly $24.34 million.
However, the first transfer to exchanges took place last week, when the German government sent an impressive 1,700 BTC to Coinbase, Bitstamp and Kraken.
Today, Bitcoin has made a successful attempt to regain some of its losses and recovered to $61,152, where it is changing hands at the time of this writing.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
