Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC

Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC


The wallet associated with the German Federal Criminal Police Office (BKA) moved 5,103.5 BTC during the European hours, according to Arkham Intelligence. BTC held largely steady amid Germany’s continued divestment of coins.

Bitcoin (BTC) holds steady at around $58,500 amid German state Saxony’s fresh movement of coins on-chain, having failed to keep gains above $59,000 during the Asian hours.

At press time, the leading cryptocurrency by market value traded at $58,470, down 1.6% from the high of $59,450 reached at 1:06 UTC, according to data tracked by CoinDesk.

Per Arkham Intelligence, roughly 15 minutes before press time, the German Federal

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