The post Bitcoin’s Big Week: 100,000 BTC Pulled from Exchanges appeared first on Coinpedia Fintech News
Currently, near the top of its peak of $73,000, Bitcoin faces difficulties breaking above new all-time highs. Several factors, including the recent bitcoin halving and significant withdrawals from major exchanges, are influencing its market dynamics.
Impact of Bitcoin Halving and Stablecoin Slowdown
As per an expert opinion, the Bitcoin halving on April 20, which reduced the mining rewards, has notably slowed the minting of stablecoins. This event also coincided with a decline in wallets holding more than $10 million in stablecoins. These changes have contributed to the current market conditions, making it challenging for Bitcoin to surpass its previous peaks.
BIG Week for #BITCOIN: 100,000 Bitcoins Removed From Exchanges ->
1-11) Currently, near the top of its range, Bitcoin faces a challenge in breaking above new all-time highs. This can be attributed to the
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