Bitcoin Hits 60000 Milestone Prompting Market Reactions

Germany has concluded its sales, resulting in the Bundeskriminalamt (BKA) selling 50,000 BTC within a short span of a few weeks. The return process for MTGOX remains uncertain, while Genesis Trading experiences a relatively sluggish sales pace. In a notable development, miners have now depleted their reserves to a level not seen in the past decade. Furthermore, on-chain data reveals that whales took advantage of the recent excessive sales and acquired a staggering 100,000 BTC during the previous week.