Bitcoin experienced $2.06 billion in exchange outflows this week, reflecting a strong market movement as the cryptocurrency rose by 4.1% over the same period. Ethereum also saw substantial withdrawals, with $642.7 million leaving exchanges, coinciding with a 2.7% increase in its price.
These outflows suggest a growing trend of investors moving their assets off exchanges, potentially indicating a long-term holding strategy. The price increases for both Bitcoin and Ethereum highlight continued investor confidence in the leading cryptocurrencies.
Bitcoin and Ethereum See Significant Exchange Outflows Amid Price Gains
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