Bitcoin transactions hit the highest point in almost two months amid regulatory heat. Yet, money flowed out of the market.
Although active addresses showed the number of unique senders and receivers, the hike did not entirely imply that these participants were buying BTC.
While this suggested significant activity for Bitcoin, it tilted more toward investors’ action to move assets away from exchanges and into self-custody. Lately, Binance and Coinbase, two of the world’s largest exchanges with high trading volumes, were served court papers by the U.S. SEC. This resulted in a high rate of outflows from both platforms.the $25,000 mark. Also, the regulatory issues and hike in transactions propelled an increase in Bitcoin’s social dominance.in the crypto community that is connected to an asset. So, the increase means that attention toward the BTC spiked.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Construction at Finnish Labour Temple yet to restartRead the full story and comment on Tbnewswatch.com
Read more »
Toronto architect Frank Gehry comes home to build his tallest building yetToronto architect Frank Gehry grew up playing near his latest project, Forma\u0027s 73\u002Dstorey east tower.
Read more »
Toronto architect Frank Gehry comes home to build his tallest building yetToronto architect Frank Gehry grew up playing near his latest project, Forma\u0027s 73\u002Dstorey east tower.
Read more »
Bitcoin slides below $26,500 amid the ongoing regulatory crackdownCrypto prices traded down on Wednesday as the ongoing crackdown by the SEC pushed traders out of the market and into the safety of stablecoins.
Read more »
Central bank boots interest rate higher yet againWatch: Many in our city will have to reach even deeper into their pockets, after the Bank of Canada hiked its interest rate again on Wednesday. TimmCTV has more. yyc
Read more »
Chris Selley: Debate over MAID in funeral homes is yet another bizarre distractionWhile the federal government continues to grapple with who should get MAID, Quebec all of a sudden is seized with where it\u0027s performed.
Read more »