Piotr Borowczyk - Profile and Journalist Details
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Piotr Borowczyk
Verified
Chief Data Officer, Development Manager and Lead Researcher, Coinpaprika
Poznań
Beats
Investment Platforms Review , Digital Currency , Blockchain , Technology , Innovation
Breaking news, investing, technology
Content
By Piotr Borowczyk| coinpaprika.com@ The German government recently sold over 16,000 BTC in a single day, causing significant discussions about its effects on the Bitcoin market. On-chain data from Arkham Intelligence shows the sell-offs continued heavily on July 8. On July 8, the German government transferred 2,738.7 BTC, worth $155.3 million, to various exchanges including Kraken and Cumberland. They sent an additional 1,533 BTC ($87.6 million) soon after, marking their first interaction with Cumberland and 'bc1qu' addresses.
By Piotr Borowczyk| coinpaprika.com@ The Bitcoin market has faced significant volatility recently, which has been marked by large selloffs since June. These selloffs mainly come from miners and major holders, often called "whales." Recently, reports have surfaced that the German government is also selling some of its Bitcoin holdings. Due to the large size of these transactions, they are seen as whale movements. Many analysts believe these selloffs have increased selling pressure, causing Bitcoin's price to drop.
By Piotr Borowczyk| coinpaprika.com@ The German government recently sold over 16,000 BTC in a single day, causing significant discussions about its effects on the Bitcoin market. On-chain data from Arkham Intelligence shows the sell-offs continued heavily on July 8. On July 8, the German government transferred 2,738.7 BTC, worth $155.3 million, to various exchanges including Kraken and Cumberland. They sent an additional 1,533 BTC ($87.6 million) soon after, marking their first interaction with Cumberland and 'bc1qu' addresses.
Company Info
Coinpaprika
Coin Research Platform | Coin Market Overview Coinpaprika delivers full market data to the world of crypto. Find information about: Coin Prices | Volumes | Market Caps | ATHs | Return Rates | News | Projects | People | Communities | Developers Progress | Market Overview | Exchanges | Crypto Indexes and more
Poznan, wielkopolskie, Poland
Founded: 2018