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Tag Archives: News

Bitcoin Briefly Topped $68K as Biden Dropout Riled Up Crypto Bulls

Bitcoin’s volatile journey continues to captivate investors and traders alike. Recently, the world’s largest cryptocurrency made headlines by briefly rising past $68,000, largely due to a significant political development in the United States. President Biden’s announcement of his withdrawal from the upcoming election stimulated a hope among crypto enthusiasts and traders. The Impact of Biden’s Announcement on Bitcoin BTC gains started late Sunday, as current U.S. president Joe Biden said in...

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Germany Already Lost Out on $124M Profit Selling Its Bitcoin

Germany’s Bitcoin Sell-Off and the Subsequent Price Surge On July 13, Germany’s Saxony state concluded the sale of 50,000 BTC, seized from the movie piracy website movie2k, for around $2.87 billion. This move secured a profit of over $740 million compared to the acquisition cost of $2.13 billion in January. However, immediately following the sale, Bitcoin prices surged by up to 16.55%, driven higher by the assassination attempt on former United States president Donald Trump, which...

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