What's Hot

    Djed stablecoin raises over 27 million ADA as reserve

    02.02.2023

    A documentary will be made about FTX and Binance CEO Changpeng Zhao

    02.02.2023

    Thanks to Trump, Polygon surpassed Ethereum in NFT sales

    02.02.2023
    Facebook Twitter Instagram
    Thursday, February 2
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»Investors resumed withdrawing bitcoin from exchanges amid new stock market records
    d51619455f340b0e500dc8d9b696da9bab241f31 80
    Bitcoin

    Investors resumed withdrawing bitcoin from exchanges amid new stock market records

    AdministratorBy Administrator13.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Crypto investors have resumed the withdrawal of bitcoins from exchanges, while the US stock market continues to climb to new highs.

    According to the Glassnode service, the 7-day average bitcoin inflow to exchanges turned negative a week ago and amounted to -5,924 BTC on Sunday. According to IntoTheBlock, exchanges left $ 3 billion in bitcoins over the past week, the largest churn in 5 months.

    Investors resumed withdrawing bitcoin from exchanges amid new stock market

    “The arrival of cryptocurrency on exchanges may indicate an increase in selling pressure, while the conclusion potentially indicates an accumulation,” explained Lucas Outumoru, an analyst at IntoTheBlock.

    The S&P 500 and Nasdaq Composite rose 3.8% and 3.6% over the past week, their largest since early February. The growth comes despite the announcement of the rise in inflation in the United States to a maximum in 40 years, which, in turn, may push the Fed to curtail the measures of the crisis stimulus. The Dow Jones interrupted the four-week fall with a 4% rally, while Bitcoin, which had declined for three consecutive weeks, surged 1.2%.

    “The resumption of accumulation amid zeroing risks in traditional markets probably indicates investor confidence that most of the negative news has already been reflected in prices and that the path of least resistance is upward,” writes CoinDesk analyst Omkar Godbowl.

    Risk assets declined in the second half of November and early December amid unrest over the omicron coronavirus strain and statements by Fed Chairman Jerome Powell about a possible tightening of monetary policy.




    #Investors #resumed #withdrawing #bitcoin #exchanges #stock #market #records

    Bitcoin exchanges Investors Market Records resumed Stock withdrawing
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Texas Miners Suspend Bitcoin Mining Due to Snow Storm

    02.02.2023

    Solana-powered DeFi project Everland shuts down

    02.02.2023

    Pick n Pay will accept Bitcoin

    02.02.2023

    Shares of US mining companies rose in January faster than Bitcoin

    02.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Djed stablecoin raises over 27 million ADA as reserve
    • A documentary will be made about FTX and Binance CEO Changpeng Zhao
    • Thanks to Trump, Polygon surpassed Ethereum in NFT sales
    • Texas Miners Suspend Bitcoin Mining Due to Snow Storm
    • Sofa from a meme with the Dogecoin symbol will be put up for NFT auction
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.