Bitcoin Plunges as German "Whales" Dump 50,000 $BTC !

Wondering why Bitcoin prices have been plummeting lately?

Look no further than the German government!

In just 25 days, they've dumped 50,000 $BTC seized from the Movie2k piracy website, sending shockwaves through the crypto market.

The result? Bitcoin prices have tumbled from $65,600 to $57,800, even hitting a 5-month low of $53,500.

But that's just the beginning! The risk of the market continuing to plummet remains high as other "whales" like Mt. Gox, Genesis Trading, and Golem still hold massive amounts of Bitcoin and could sell off at any time.