Bitcoin briefly surged above $62,000 early in the Asian session before retreating to $61,400. Significant on-chain activity against the German government’s BTC holdings caused the price to fall. The euro zone’s largest economy sent 750 BTC, worth more than $46 million, to cryptocurrency exchanges Bitstamp and Kraken, indicating the country is preparing for a token sale, according to blockchain research firm Lookonchain. The move, part of a sale of BTC seized on privacy websites, added to bearish pressure on the market. The government holds over 45,000 BTC. Ethereum also followed Bitcoin, falling from $3,425 to $3,375, and the CoinDesk 20 Index (CD20) also fell by about 0.14%.
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