The correlation between BTC and US Tech stocks has tightened since 2020 as per the research. Bitcoin’s (BTC ) price has recovered from multi-month lows near $32,933.33 from the beginning of the week. However, it has been trading in a tight range with no clear direction. Bitcoin bulls have taken the backseat.
BTC continues to struggle on Friday following the global financial market meltdown
Further, the BTC supply percentage by long-term holders peaked new highs since Match 2020.
The recent data shrugs off US hawkish stance indicating some discount buying in the digital currency.
At the press time, BTC/USD is trading at $36,750, down 1.12% for the day. The 24-hour trading volume of $25,549,381,103 with market cap of $697,792,638,594.
Bitcoin worth $670 million left the centralized exchange
Glassnode, the on-chain Data, and intelligence platform revealed that more than 18,000 bitcoin worth $670 million left centralized exchanges on Thursday, the biggest single-day net outflow in over
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