The German government transferred over 15,000 bitcoins ($866 million) to addresses labeled by Arkham as belonging to market makers and exchanges on Monday.

U.S. Fed Chair Jerome Powell is due to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee on Tuesday at 10 a.m. ET.

U.S. FOMC member Michelle Bowman will speak at 1:30 p.m.

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