German Government Transfers Seized Bitcoins, Bitcoin ETFs See Inflows
The German government transfers seized Bitcoins, while Bitcoin ETFs see positive inflows. Altcoins deflate market bubbles, with market concentration rising and BTC and ETH likely to outperform.
This news matters as it indicates a shift in market sentiment with the German government's sell-off pressure being absorbed and Bitcoin ETFs seeing positive inflows. The correction in altcoins and the rising market concentration also have implications for the future performance of BTC and ETH.