$88,589.00
2.00%$1,631.23
0.42%$2.10
-0.68%$605.51
0.75%$140.28
0.81%$0.999936
0.00%$0.164482
2.07%$0.245779
1.29%$0.640591
0.17%$1,630.41
0.44%$88,528.00
2.12%$13.49
0.34%$20.39
-0.47%$8.84
-6.84%$0.250318
-3.01%$2.32
3.14%$0.0000126
0.08%$2.92
-3.10%$0.172905
1.42%$0.999855
-0.00%$1,954.45
0.36%$347.23
2.18%$18.37
2.76%$79.75
-0.57%$3.79
-2.87%$4.45
0.02%$0.99974
-0.09%$0.998823
-0.05%$1,628.99
0.31%$0.635295
0.38%$28.40
0.94%$217.27
0.92%$1,735.38
0.29%$88,511.00
1.95%$0.00000816
3.90%$5.42
-0.06%$51.09
0.57%$4.94
-4.28%$23.17
1.20%$328.25
5.20%$0.864032
-1.26%$2.24
-2.26%$31.93
-2.21%$1.049
0.09%$4.75
-4.54%$1.00
0.00%$0.092252
12.49%$15.71
-2.52%$0.687258
3.12%$4.40
-0.27%$0.082684
-0.84%$147.71
2.49%$1.17
-0.02%$0.02383628
-1.83%$0.216195
9.37%$4.11
-3.74%$88,317.00
2.07%$4.23
-0.04%$8.52
3.41%$0.194553
-1.69%$2.53
-4.87%$0.295591
-0.77%$0.998887
-0.01%$0.591794
-4.58%$2.53
-2.79%$0.479548
-0.79%$0.302532
-2.82%$3.94
0.59%$88,435.00
1.90%$9.84
-2.01%$146.94
0.93%$0.409167
2.47%$1,386.09
0.25%$0.760025
8.44%$0.696996
-4.09%$0.072203
1.01%$1.062
18.03%$1.055
2.95%$0.01616832
-1.18%$0.00001321
6.16%$0.792279
0.51%$67.98
1.35%$1,631.90
0.37%$3.62
-4.96%$0.634401
-1.95%$1,696.47
0.28%$0.180923
0.69%$0.999336
-0.05%$0.999698
-0.05%$3,472.37
1.40%$0.467016
-3.51%$1.00
-0.05%$8.65
-2.89%$14.80
4.40%$0.620501
0.93%$0.085082
0.28%$1.00
0.02%$3,471.31
1.36%$605.42
0.71%$1,835.54
0.35%$88,068.00
2.42%$88,351.00
1.88%$0.01600933
-1.09%$0.01422867
-3.79%$154.68
0.80%$2.35
3.94%$0.276638
-1.06%$0.997778
0.00%$0.114827
7.21%$180.20
0.69%$0.731604
-0.28%$0.172956
1.02%$0.64517
-4.85%$0.641204
-2.76%$1,736.46
0.56%$0.998899
-0.01%$3.45
0.44%$0.00000061
0.46%$88,904.00
1.95%$0.375552
0.12%$1.096
-1.25%$0.00634566
19.21%$29.28
0.80%$1.95
-1.61%$0.00005939
0.77%$0.01702697
-3.53%$0.298893
-3.20%$1.72
2.50%$0.223069
-4.26%$0.435679
-0.22%$3.34
1.58%$0.506704
-0.80%$0.142701
-2.17%$1,703.74
0.27%$15.33
1.06%$0.530004
-1.93%$31.01
-3.20%$0.998948
0.05%$0.067522
-0.54%$0.00830082
11.47%$87,272.00
3.95%$0.999999
0.01%$0.999829
-0.02%$0.420668
0.66%$0.592144
-1.93%$88,321.00
0.00%$88,548.00
2.01%$0.444935
2.06%$0.476312
5.94%$1.60
-5.95%$1.25
1.18%$0.00000043
0.93%$0.164235
2.29%$1.99
-7.28%$0.0000209
0.46%$1.084
0.00%$1.00
-0.00%$110.77
0.02%$88,266.00
2.04%$1,646.84
-2.96%$14.20
-0.56%$0.135567
-1.38%$1,627.37
0.29%$5.51
-3.19%$0.589002
1.79%$0.217243
9.94%$3.45
-1.77%$0.464714
-1.57%$2.30
-1.68%$0.072046
-0.90%$5.58
-0.98%$1,631.09
0.40%$40.17
-1.93%$0.03747788
-1.32%$21.82
-1.80%$0.999833
-0.02%$1,630.03
0.27%$1,629.04
0.39%$1.00
-0.01%$1.002
0.08%$0.03520318
-2.52%$0.07643
-7.83%$1,736.41
0.54%$0.170339
-0.97%$0.00400959
10.84%$0.00645873
-1.12%$0.534657
3.76%$0.01716438
1.73%$0.00006075
-2.35%$0.28254
2.73%$0.782632
0.16%$0.40366
-3.04%$0.00521657
1.68%$1.00
0.38%$0.999781
0.00%$0.119469
-3.77%$0.03122485
0.99%$0.310269
24.53%$1,671.67
1.29%$0.999908
0.02%$0.696455
-2.60%$0.116238
26.48%$0.308825
1.54%$0.13924
-0.46%$88,501.00
2.04%$0.999841
0.00%$2.50
-3.14%$25.15
3.48%$106.45
-1.70%$3.43
0.87%$0.221449
0.54%$1.092
-0.72%$0.00000133
4.01%$88,350.00
3.15%$3,187.04
0.00%$0.00044099
2.82%$0.584326
2.83%$2.76
0.32%$0.259843
-2.58%$1,610.72
0.43%$0.57359
3.84%$20.89
-2.45%$0.03595239
-1.21%$0.177636
0.32%$0.106827
0.11%$1,630.22
0.33%$0.483715
0.91%$1,778.88
1.99%$0.00267603
7.98%$1,722.47
0.37%$20.32
-0.83%$0.02798572
0.06%$1.00
-0.00%$0.01194596
0.30%$0.416694
-0.49%$0.690471
2.84%$0.999833
0.01%$14.03
-0.05%$1.15
-0.43%$1.39
-0.36%$1.094
-0.12%$0.223848
-10.34%$2.12
-0.24%$0.853416
-1.14%$88,278.00
1.36%$0.934823
0.44%$2.70
2.17%$0.999859
0.01%Reading
Users continue to withdraw BitcoinBitcoin from exchanges in record numbers, as the original king of cryptocrypto inches towards $10,000.
Liesl Eichhols, a growth strategist at blockchain research firm Glassnode, wrote about the trend in Glassnode’s latest weekly report. The report noted that Bitcoin’s overall market health and the sentiment of its investors, based on data collected by Galssnode, is in a strong place.
In the hours before and after #Bitcoin's halving, exchange net flow decreased significantly.
So far, the event has had no impact on 2020's trend of investors withdrawing $BTC from exchanges.https://t.co/KqezAI9HsM pic.twitter.com/ClCdYJ90wG
— glassnode (@glassnode) May 13, 2020
And while not overly bullish, there’s still a sense of optimism in the market. It’s reflected in the price of Bitcoin, which continues to flirt with $10,000. But it’s also reflected in another data point: how much Bitcoin is being withdrawn from exchanges.
According to Glassnode, users are withdrawing their Bitcoin in droves. Bitcoin holders have been withdrawing from exchanges ever since the March 12 crash in a withdrawing spree that has become “the largest and most prolonged BTC exchange balance downtrend in Bitcoin's history.”
This activity, Glassnode postulates, may be attributed to bullish sentiment in light of Bitcoin’s halving—that once-in-four-years event that caused quite a ruckus within the crypto industry last week—considering that the trend began in the weeks leading up to the halving and has continued after it.
“A possible explanation for this decrease is that investors are withdrawing funds from exchanges to hold in cold storage, implying a longer-term outlook,” the report stated.
Data that suggests small account holders are rising (alongside the balance in Bitcoin whale’s wallets, as well) corroborates this view, Glassnode wrote in its report.
But there’s another factor that could explain why Bitcoin holders are moving their funds away from centralized exchanges.
Bitcoin investors are bullishly holding onto their funds ahead of the coin’s halving, despite unprecedented volatility in an already volatile market. This according to the latest report from market intelligence firm Glassnode, which suggests that crypto investors appear “optimistic” just weeks away from the Bitcoin Halving. The halving will take place on May 12 and will see Bitcoin's block rewards—the amount of Bitcoin given to a miner when a new block in the blockchain is created—cut from 12.5...
During the Black Thursday market crash, the Seychelles-based BitMEX exchange suffered a technical snafu that may have contributed to Bitcoin’s historic plunge during the macro market selloff. Once the place to trade Bitcoin futures, BitMEX has since lost major market share to competitors, and exchange withdraws may play into a trend of distrust that exchanges like BitMEX have engendered in Bitcoin investors.
Instead, Bitcoin holders may be opting to trust themselves with their coins more—which is how Bitcoin was intended to be used in the first place.
Coinbase’s Layer 2 network Base’s creator, Jesse Pollak, has defended the platform’s focus on creators, following backlash over an experimental content token drop. “If you are a creator or developer and you want to be the #1 priority, we would love to have you on Base,” Pollak tweeted Monday. Pollak was responding to Pump.fun co-founder Alon Cohen’s criticism, who tweeted Monday, “traders are easily the most important user group in crypto,” not creators or developers. “I love traders, but our...
The death of Pope Francis on Easter Monday sparked a flurry of activity in crypto markets and prediction platforms, as traders and bettors sought to profit on the news. LUCE, a Solana-based meme coin named after the cartoon mascot for the Vatican's upcoming Holy Year 2025, has jumped about 45% on the day, according to CoinGecko data. The token is trading at $0.013 and has seen its daily trading volume surge to $60.27 million from $5 million the day before news of the pontiff's demise hit headlin...
Zora, a social media platform that automatically turns every post into a token on Coinbase’s Base chain, is launching its own token on Wednesday. This comes amid a “content coin” campaign from the creator of Ethereum layer-2 network Base, Jesse Pollak, with many criticizing the founder for his timing. This all began on Wednesday last week, when Base’s official X account created a token on Zora called Base is for everyone which soared to a $16.9 million market cap then crashed 92% to $1.3 million...
