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The number of bitcoins on crypto-exchanges fell to the level of 2018

July, 30 2021
watermark Economic news

Over the past 24 hours, cryptocurrency exchanges have recorded a decrease in the number of bitcoins by more than 63.5 thousand. In dollar terms, this number is about $2.5 billion. The outflow of cryptocoins was recorded from centralized trading floors.


Analysts note that the number of bitcoins on centralized cryptocurrency exchanges has dropped to 2018 levels. Then the cost of the most popular digital currency fell to $3.2 thousand.


Experts also explain that often the outflow of funds from crypto exchanges is associated with active purchases. For example, on May 19, 2021, after the bitcoin rate fell by a third of the cost per day (up to $30 thousand per coin), the largest withdrawal of digital coins in a year was recorded on the exchanges. Then users withdrew to cold wallets about 175 thousand bitcoins worth $7 billion at the exchange rate at that time.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.