4 mo
š Bitcoin Updates All-Time High In Momentum Amid Its Scarcity š š Bitcoin's recent surge to $73,000, followed by a retracement, is indeed closely tied to its scarcity. The decreased amount of Bitcoin available for purchase on centralized exchanges has played a significant role in this scarcity. According to reports from AMBCrypto and CryptoQuant, nearly 50,000 Bitcoins were withdrawn from exchanges throughout February, leading to a sharp drop in the cryptocurrency's available supply for purchase. š Another factor contributing to Bitcoin's scarcity is the increasing number of institutional investors, often referred to as whales in the crypto market. Glassnode data shows a 4% increase in...
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