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German member of parliament Joana Cotar said the mass Bitcoin sell-off is not sensible as it could be used to diversify treasury assets and protect against currency devaluation.
Mt Gox has moved 47,229 BTC ahead of a $9 billion payout to creditors. This transaction could influence market dynamics due to increased supply.
Governments transferred thousands of BTC to exchanges, sparking panic among investors. Despite this, Bitcoin price remains steady around $61k.