The German Bitcoin sale, which has occupied the cryptocurrency market for weeks, has finally come to an end. At the same time, the last of the transactions, which is seen as one of the reasons for the declines, took place this evening, and all 50,000 BTC in the wallet were used up.

German authorities seized 50,000 BTC from the pirate film site Movie2K in January. The sale of these BTCs began in mid-June. The first sale took place on June 19. Approximately 2,000 BTCs were sold at a bitcoin price of $69,600. Transactions continued in the following days and have intensified since the beginning of July.

While Bitcoin sales from the wallet controlled by German authorities are over, the market is now waiting for Mt. Gox is waiting. Founded in 2010 but bankrupted by successive hacking incidents, Mt. Gox exchange will repay its creditors after 10 years. Repayments are scheduled to start this month. Mt. Gox has approximately 140,000 BTC in its wallet. Some investors who buy their assets after 10 years are worried about selling.

The largest cryptocurrency by market capitalisation rose above $58,500 with the end of Germany’s sales. The price is currently $58,700.