RATE Group | Bitcoin outflow from exchanges hits 310,000 BTC since March 12 crypto crash
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Bitcoin outflow from exchanges hits 310,000 BTC since March 12 crypto crash

29 May Bitcoin outflow from exchanges hits 310,000 BTC since March 12 crypto crash

Posted at 03:54h in Cryptocurrency News by

Here is what you need to know on Tuesday, May 26, 2020

Markets:

The digital asset market is lethargic in its trading on Tuesday. The Asian session was not eventful at all as stability seems to be dominating. The market is painted in both red and green but percentage declines or gains on the day are minor.

BTC/USD, for instance, has not been able to break the resistance at $9,000 in spite of the recovery from the weekend lows at $8,600. The largest digital asset in the industry is flirting with $8,900 but also facing a strong bearish trend. The high volatility is also jeopardizing gains eyeing $9,000. It seems that Bitcoin will take long before taking down the key hurdle. It might even require to breakout down a bit to create fresh demand around $8,600 or $8,400 before attempting to reach towards $10,000.

Read more: Bitcoin Price Analysis: BTC/USD struggle to secure $9,000 support continues

ETH/USD is dancing at $203 after adjusting from the opening value…

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