Number of Bitcoins on Crypto Exchanges Hits 18-Month Low
The total amount of bitcoins held in cryptocurrency exchanges wallets dropped to an 18-month low just above 2.3 million on Monday, according to data estimates from Glassnode.
Traders were feeling good about bitcoin’s upward trend and pushed it over $9,100 Wednesday.
Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation. The stalwart investment bank is still no fan of bitcoin or other cryptocurrencies.
Put options – a bet on bitcoin's price – are declining alongside a rise in the leading cryptocurrency by market cap's price.
After facing a heavy load of transactions earlier this month, bitcoin's network has returned to a more normal level, recent developments suggest.
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast.