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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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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.