$2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined
Cointelegraph
Published Nov 16, 2020 06:00AM ET
Updated Nov 17, 2020 08:00AM ET
From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately 145,000 BTC, worth $2.35 billion at a price point of $16,200, moved out of exchanges.
In the same period, Bitcoin miners mined around 27,000 BTC, equivalent to around $437.4 million. Since miners have been mining 900 BTC daily after the May 11 halving, 900 BTC times 30 days equals 27,000 BTC.
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Written By: Cointelegraph
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