XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox- and German government-led sell-off in the BTC market may spark renewed interest in the altcoin.
Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.
The German and U.S. governments make strategic moves with significant Bitcoin and Ethereum transfers, drawing market attention.
The German government is continuing to actively liquidate portions of its substantial Bitcoin (BTC) holdings, transferring significant sums to various cryptocurrency exchanges and wallets, according to data from Arkham Intelligence. This wave of transfers includes the recent movement of $24 million worth of Bitcoin, underscoring a broader strategy that may be influencing Bitcoin’s current market […]