Today news
About the same in other media
Bitcoin price eyes $65K breakout as BTC exchange reserves fall to 2018 lows
Reading now: 672
Bitcoin’s (BTC) ongoing price rally above $64,000 has coincided with a substantial drop in its reserves across all exchanges.
According to data provided by CryptoQuant — a South Korea-based blockchain analytics service — the amount of Bitcoin held in exchanges’ wallets dropped to as low as 2.379 million BTC earlier this week, the lowest in more than three years. Currently, the reserves are around 2.38 million BTC.
CryptoQuant noted that the declining Bitcoin reserves showed the availability of fewer BTC tokens “for selling, altcoins purchasing, and margin trading.” Additionally, that also reflected traders’ intention to “hodl” the cryptocurrency.
On the other hand, the cryptocurrency’s demand appears to have been increasing across retail and
Read more on cointelegraph.comAbout this in other media
How a new Bitcoin ATH might be triggered by the Kimchi Premium ambcrypto.com /3 years ago
Man ‘Tried to Set Himself on Fire’ at S Korean Crypto Exchange Upbit Customer Center cryptonews.com /3 years ago
Bitcoin price consolidation ‘could be over,’ says trader as Ethereum, Polkadot hit all-time highs cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
