Bitcoin Held by Exchanges Drops to 2019 Bull-Run Levels, Demand Rising
Cointelegraph
Published Jul 30, 2020 05:33AM ET
Updated Jul 30, 2020 11:20PM ET
As July comes to a close, the amount of Bitcoin (BTC) held by major cryptocurrency exchanges has reached its lowest level since late May 2019. At that time, Bitcoin’s price was around $8,000 before continuing toward its 2019 high of $12,967 on July 11, 2019.
The Bitcoin balance held by major exchanges has been dropping significantly since mid-March 2020 following the Black Thursday crash on March 12 and subsequent recovery.
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Written By: Cointelegraph
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