German MPs urge government to stop selling bitcoin

On July 5th, Joana Cotar, a member of the German Bundestag, strongly criticized the German government's recent decision to sell most of its bitcoin holdings. The German government recently transferred more than $195 million worth of bitcoin to major cryptocurrency exchanges, including Coinbase, Kraken, and Bitstamp. This move has exacerbated market volatility, and the price of bitcoin has seen significant fluctuations. Critics argue that such a large-scale government liquidation could have a long-term negative impact on the stability of the crypto market.