# Sell Off

*German Government Sparks Market Jitters with Massive Bitcoin Sell-Off*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-06-22

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Over $195 million in Bitcoin sold in 24 hours from seized assets of a movie piracy website. Despite sales, Germany still holds $3.05 billion in Bitcoin.

The move has influenced Bitcoin's price, which dropped 0.67% in 24 hours to $64,723. Meanwhile, firms like MicroStrategy remain bullish, acquiring $786 million in Bitcoin recently.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/sell-off)*