• Ether, SOL and other major tokens rose as much as 7 percent.
  • BKA has received more than $200 million in funding from Kraken Coinbase Bitstamp.

BTC Price Index and Live Chart – CoinDesk”>(BTC) led a crypto market recovery early Tuesday as a German government entity received over $200 million worth of the asset back from various exchanges in late U.S. hours, helping revive sentiment.

Bitcoin traded at just over $57,000 in the morning Asian hours. This is up 3.5% from yesterday, and major tokens like Solana’s SOL are up as much as 6.0%. ETH Price Index and Live Chart – CoinDesk”>(ETH) climbed back above $3,000, while dogecoin <a data-position="autolink" href="https://coindesk.com/price/dogecoin/" title="Dogecoin Price

BTC fell to $55,000 on Monday after an address of the German Federal Criminal Police Office sent $900,000,000 to several addresses. This frightened traders.

Arkham data indicates that the entity has received more than $200 million in the last 12 hours from Kraken Coinbase Bitstamp. This shows that the assets, while sent to the exchanges, did not end up on the market.

In 2013, the BKA seized nearly 50,000 BTC, worth more than $2 billion, from the operators Movie2k.to a website that pirated films. The asset was received in mid-January, after the suspects voluntarily transferred it.

Parikshit Miishra is the editor.