RATE Group | More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving
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More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

30 May More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

Posted at 12:13h in Bitcoin News by

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate the same, but withdrawals are only affecting certain exchanges.

Crypto Exchange Bitcoin Withdrawals Grew Before the Halving, While Tether Rises

Just recently, the BTC blockchain experienced its reward halving and a number of observers are monitoring the network’s health. The price has slowly risen higher, and the overall hashrate lost a touch of hashpower, but nothing drastic like some skeptics predicted. It should also be noted that the tether (USDT) market briefly eclipsed XRP’s on May 12, and the overall supply of stablecoins has crossed a $10 billion valuation. USDT markets show that the market…

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