Bitcoin Shrugs Mt. Gox Fears: Why Is Daily BTC Exchange Inflow So Low?

Quick Summary:

Bitcoin defies gravity and is surprisingly resilient against a wave of selling pressure from the Mt.Gox distribution.

As of writing, not only is BTC firm above $60,000 but has managed to stand above $62,500, a level of interest especially by traders.

From on-chain data, it appears that the daily BTC exchange inflow is at unusually low levels, averaging around 30,000 BTC.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Mt gox Bitcoin trading Bitcoin price BTCUSDT Btc Bitcoin Spot Bitcoin ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 05:30:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21671051

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #105

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