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09 July 2020

Number of Bitcoins on Crypto Exchanges Hits 18-Month Low - CoinDesk

Number of Bitcoins on Crypto Exchanges Hits 18-Month Low - CoinDesk


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The total number of bitcoins held in cryptocurrency exchanges wallets dropped to an 18-month low to just above 2.3 million on Monday, according to data estimates from Glassnode.

Meanwhile, over the same period, the amount of ether in exchange wallets increased by more than 7%. Some market participants see this as a sign that more bitcoin investors are increasingly taking direct possession of their cryptocurrency.

Felman added that currently “there are few alternatives to holding bitcoins on an exchange if you want to trade, but new offerings in the prime brokerage space will lead to greater outflows from exchange-specific wallets.” 

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Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 1 month ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

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