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The price of Ether (ETH) has risen almost 3.5% over the past 24 hours to $ 3,342. The capitalization of the largest altcoin on Thursday, January 13, is just over $ 398.672 billion.
According to the ViewBase platform, in a week, investors withdrew 203,147 ETH from centralized crypto exchanges for a total amount of up to $ 682.997 million.
The exchange balance of ETH in mid-January decreased to 11.6% of the total market supply of the cryptocurrency. Analysts regard such data positively, as the reduction in the supply of the asset weakens the pressure on it from the sellers. This should have a positive effect on the cost of ether on the growing demand.
The CryptoRank team found out that the lion’s share of altcoin is currently hosted on the Coinbase, Binance and Gemini platforms – 6.34 million, 2.13 million and 1.79 million coins, respectively. As a percentage, Coinbase and Binance hold 46.16% and 15.57% of the ETH exchange balance.
The researchers remind that the supply of ether is 119 million ETH, of which 13.8 million are placed on exchange wallets.
According to Glassnode, this week the number of non-zero-balance Ethereum addresses set a new record, surpassing 72.665 million.
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