The Last Time This Happened, Bitcoin Surged From $3,150 to $14,000
Cointelegraph
Published May 28, 2020 10:56AM ET
Updated May 28, 2020 01:40PM ET
Leading crypto exchanges are holding around 1.36 million BTC, worth around $12,880,000,000. The last time major trading firms had such low Bitcoin reserves, the price of the dominant cryptocurrency surged from $3,150 to $14,000.
Market data indicates a growing number of investors are moving their Bitcoin holdings out of exchanges. It shows traders have no intention of selling BTC at the current price of $9,400.
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Written By: Cointelegraph
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