Bitcoin And Ethereum Supply Drops To Record Lows Unseen Since 2015 And 2017
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Amid the tussle between the bulls and bears in the crypto market over the past week, the circulating supply of both Bitcoin (BTC) and Ethereum (ETH) has reached record lows, triggering speculation about the potential impact on the cryptocurrency market. Data provided by Santiment reveals a significant decrease in the amount of BTC and ETH held on exchanges, suggesting a shift in investor behavior. Bitcoin And Ethereum Supply Plummets On Exchanges According to Santiment’s data, the circulating supply of BTC on exchanges currently stands at a mere 5.7%, marking its lowest level since December 2017 when the cryptocurrency surged to
Bitcoin price is up 30% versus Ethereum (ETH) in 2023, and bulls appear not to be slowing down, looking at the performance in the weekly chart. BTC is on the brink of pushing ETH lower at spot rates, registering new 2023 lows and extending gains from early this year. The…
Comparisons in the crypto market are not out of the norm, especially given the fierce rivalry that goes on between two or more tokens at a time. So this report will take a look at where the price of Dogecoin will realistically be if the meme coin’s market cap were…
According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset’s price closer to the $100,000 mark. This significant decline could have major implications for the asset’s supply-demand dynamics. Investor…