Bitcoin retests $20,000 despite record outflows from crypto exchanges πŸ“‰

Bitcoin retests 20000 despite record outflows from crypto

Cryptocurrencies wiped out much of the bullish momentum at the end of the week, after US megatechs reported weak financial results contributing to the index pullback. At the same time, record amounts of bitcoins are being withdrawn from the balances of cryptocurrency exchanges: Historically, the phenomenon of Bitcoin disappearing from exchanges has been a … Read more

Bitcoin Exchange Outflows Surpass $1 Billion Daily, While Ethereum Sees Net Inflows

Bitcoin Exchange Outflows Surpass 1 Billion Daily While Ethereum Sees

Analysis of Bitcoin and Ethereum exchange flows revealed opposing activity for the two major tokens, with the market leader establishing clear dominance in terms of long-term holdings. Exchange flows are the number of tokens deposited or withdrawn into or out of an exchange wallet. A popular on-chain metric to gauge this is the change in … Read more

Cryptocurrency Outflows Hit $47 Million Last Week

Cryptocurrency Outflows Hit 47 Million Last Week

Crypto investment products saw outflows for a second straight week, the bulk of which came from bitcoin funds, according to data from digital asset manager CoinShares. The data highlights cautious investor sentiment on the cryptocurrency sector as the Russian-Ukrainian war continues, it says. Crypto outflows reached $47 million in the week ended March 18, with … Read more