Bitcoin prices have regained momentum during the last two days as the price per coin touched a March 2021 high at $54,822 on Tuesday morning (ET). Back in December 2020, it was noted that bitcoin on exchanges dropped to a three-year low and this year bitcoin exchange balances continue to plummet. A whopping 189,000 bitcoin was withdrawn from the top five leading cryptocurrency exchanges since October 2020.
Bitcoin Exchange Balances Plunge on a Myriad of Popular Crypto Trading Platforms
The price of bitcoin (BTC) is doing well this week and at the time of writing, the leading crypto asset is currently exchanging hands for $53,820 per coin. Last week, the price was much lower hitting a low of $43,171 per unit on Bitstamp on February 28. Meanwhile, onchain data shows that bitcoin exchange balances held on popular trading platforms are continuing to deplete.
On March 7, the sophomore finance major, William Clemente III tweeted about bitcoin balances on exchanges taking another dive. Cleme
The CoinGeek Pulse Episode 37: Coinbase pays $6.5M fine, FATF updates guidance, Hester Peirce talks regulation & innovation
The U.S. Commodity Futures Trading Commission released an announcement confirming that Coinbase exchange had agreed to settle charges…
