Crypto Market Recovers as Germany Gets Back $200M Worth of BTC f
The crypto market saw a boost in sentiment on Tuesday as a German government entity received over $200 million worth of the asset back from various exchanges.
During Asian morning hours, Bitcoin was trading just above $57,300, reflecting a 3.5% increase over the past 24 hours.
Other major tokens also experienced gains, with Solana’s SOL surging by as much as 6% and Ether (ETH) climbing back above $3,000. Even dogecoin (DOGE) saw a rise of nearly 7%.
The market had been shaken on Monday when BTC briefly dropped to as low as $55,000 after an address linked to the German Federal Criminal Police Office (BKA) sent over $900 million to various addresses.
During Asian morning hours, Bitcoin was trading just above $57,300, reflecting a 3.5% increase over the past 24 hours.
Other major tokens also experienced gains, with Solana’s SOL surging by as much as 6% and Ether (ETH) climbing back above $3,000. Even dogecoin (DOGE) saw a rise of nearly 7%.
The market had been shaken on Monday when BTC briefly dropped to as low as $55,000 after an address linked to the German Federal Criminal Police Office (BKA) sent over $900 million to various addresses.
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