$107,426.00
2.66%$2,549.20
2.90%$2.37
1.68%$655.62
2.14%$169.76
2.75%$0.999773
-0.01%$0.228422
4.24%$0.756403
4.15%$0.271145
-0.58%$2,549.29
2.79%$107,421.00
2.69%$3.93
3.20%$3,065.93
3.07%$15.84
2.07%$22.80
3.47%$0.291198
3.22%$26.58
3.31%$0.00001464
3.06%$0.196649
2.21%$8.82
1.30%$402.17
4.25%$3.08
1.01%$95.62
2.54%$4.72
3.75%$0.999636
-0.02%$2,553.00
2.70%$361.73
4.71%$2,726.91
3.04%$5.16
1.65%$0.998196
-0.21%$0.812835
10.36%$0.00001397
9.91%$1.001
0.03%$107,367.00
2.53%$30.42
0.83%$253.72
-3.03%$6.23
7.88%$416.70
0.47%$2.82
3.78%$5.20
2.66%$52.18
1.09%$204.21
2.70%$0.952252
3.04%$0.111602
5.35%$14.61
10.41%$1.00
0.00%$36.07
-0.19%$0.096632
1.44%$18.64
3.30%$5.29
3.57%$21.57
0.98%$1.17
0.06%$0.739942
-0.20%$0.02859414
4.23%$4.69
3.54%$1.052
0.00%$0.396814
7.88%$4.96
5.67%$1.002
0.13%$107,297.00
3.34%$0.233171
1.87%$0.780089
8.97%$0.226699
3.93%$0.400172
3.83%$2.89
3.52%$4.41
0.30%$1.13
3.46%$2.62
0.94%$0.505754
2.08%$4.56
1.45%$0.00002055
7.78%$2,539.97
2.54%$0.528594
6.40%$1.00
-0.03%$178.07
2.59%$98.80
3.05%$11.49
-1.91%$2,665.33
3.00%$0.904886
7.45%$1.33
9.21%$1.30
3.39%$1.97
1.10%$4.53
-0.55%$0.01889738
0.30%$0.740592
5.73%$0.658721
3.39%$0.2256
2.77%$1,752.99
2.25%$2,897.43
2.86%$12.20
3.96%$1.002
-0.03%$0.741184
-3.83%$0.071454
-0.80%$0.11096
3.75%$1.054
11.90%$0.737152
4.18%$0.00010002
6.43%$106,893.00
2.34%$3.23
4.79%$2,721.11
2.63%$219.28
2.61%$0.999683
0.01%$0.899538
2.37%$0.996538
-0.31%$652.57
1.67%$188.23
2.69%$0.01820239
3.22%$107,362.00
2.35%$0.0196558
6.44%$1.00
0.00%$107,887.00
5.09%$0.01325519
7.36%$2,679.50
2.92%$3,298.03
0.71%$0.640806
1.53%$0.891957
3.92%$3,310.95
1.02%$0.223944
2.83%$2,666.65
2.70%$0.312884
2.90%$0.762487
-0.11%$0.131123
0.59%$2.34
4.82%$22.52
4.57%$4.02
2.94%$12.80
-0.13%$4.46
2.74%$0.00000073
0.93%$35.87
3.03%$0.763299
4.39%$0.070203
7.48%$0.11793
1.97%$106,762.00
3.43%$2.02
3.76%$1.90
9.53%$41.31
3.35%$2.40
19.50%$1.00
0.01%$0.01957752
0.63%$0.623418
2.88%$0.408443
3.38%$0.997438
0.00%$2.06
0.03%$111.12
0.01%$0.320747
2.65%$1.11
0.19%$2,547.92
2.90%$0.227157
3.56%$2,548.13
2.79%$107,399.00
2.74%$0.668567
5.53%$0.999573
-0.01%$2,721.73
2.93%$2.17
17.19%$18.48
3.19%$2,610.59
2.44%$0.638112
3.77%$0.437284
2.79%$0.653143
2.66%$0.00878057
3.47%$107,468.00
2.55%$2,555.47
2.75%$1.00
0.06%$0.491428
8.69%$0.193761
6.97%$2.97
1.38%$0.153669
4.39%$7.29
0.88%$0.092562
5.92%$104,805.00
2.66%$0.475112
9.58%$0.429458
1.42%$0.00000118
14.47%$1.70
3.21%$0.18089
1.63%$6.54
2.45%$0.701078
2.02%$1.52
11.73%$0.050039
3.12%$0.063608
-2.23%$0.999704
-0.01%$0.00489798
0.25%$0.00002263
2.11%$0.096774
4.54%$0.166045
5.71%$0.00000044
0.17%$0.04464559
4.06%$1.32
2.91%$0.171935
2.51%$2,543.02
2.45%$0.00789079
2.60%$1.52
0.81%$0.426374
12.75%$1.087
0.00%$1.012
1.09%$106,809.00
2.57%$0.00396221
12.70%$0.00469756
1.09%$1.002
0.01%$35.74
4.69%$43.11
2.05%$3.24
5.77%$0.999643
-0.04%$0.84083
9.73%$2,703.68
2.94%$0.03802038
4.18%$0.999991
0.00%$1.10
0.15%$0.0054429
2.20%$1.001
0.03%$0.347562
-5.16%$0.233032
1.76%$0.01910803
-1.07%$136.87
4.29%$0.373808
1.71%$26.63
3.65%$0.84235
1.83%$2,803.76
2.88%$107,321.00
2.64%$0.343422
8.80%$0.00006293
2.95%$0.310392
7.84%$2,785.22
2.79%$3.68
-8.37%$0.00000159
0.04%$0.996371
-0.40%$19.61
0.01%$0.00076272
5.92%$2,549.42
3.00%$0.228608
4.18%$22.80
3.56%$1.00
0.03%$1.00
-0.01%$2,548.81
2.41%$0.250903
2.46%$18.66
2.79%$0.686004
1.50%$2,747.40
2.59%$0.00341824
5.57%$2.72
3.34%$0.752822
-5.01%$0.502941
2.40%$23.72
1.87%$0.00282814
5.45%$0.681717
9.14%$26.61
3.63%$0.00
5.55%$3.45
6.76%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.
A list of 220 of the top holders of President Donald Trump’s official Solana-based meme coin (TRUMP) was headed by Tron founder Justin Sun, the crypto billionaire confirmed via social media on Monday. The list contained registered TRUMP holders vying for an invitation to the president’s gala dinner to be hosted at Trump National Golf Course in Washington, D.C. on May 22. The top 25 “VIP” holders, including Sun, also receive access to an exclusive reception and special tour alongside the dinner....
Bitcoin ETFs have seen their best day of trading since the start of May, with smaller funds enjoying healthy inflows. Fidelity's Wise Origin Bitcoin Fund (FBTC), the second-largest spot ETF in the U.S., saw its net assets rise by $188 million in just 24 hours, per data from SoSoValue. Meanwhile, the ARK 21Shares Bitcoin ETF (ARKB)—in fourth place after the Grayscale Bitcoin Trust—clocked inflows of $155 million, with the two funds between them accounting for more than half of the funds invested...
A divisive proposal to rebrand Bitcoin’s base unit is gaining momentum on social media after Twitter (now X) founder and longtime Bitcoin bull Jack Dorsey shared support on Sunday, racking up more than 1 million views collectively on posts promoting BIP 177. Authored by software developer John Carvalho, the Bitcoin Improvement Proposal, entitled “Redefine Bitcoin's Base Unit,” seeks to do just that—by shifting the way the coin’s quantities are displayed, removing the decimal point and leading z...
