$1.04 Billion Bitcoin Stun Crypto Exchanges, What’s Happening?
According to a recent tweet by IntoTheBlock, Bitcoin, the first and largest cryptocurrency by market capitalization, saw $1.04 billion in net inflows to exchanges this week. This essentially wiped out the three previous weeks of outflows, indicating hesitancy in the market given recent macroeconomic uncertainties.
Per a graphic posted by IntoTheBlock, Bitcoin total fees decreased 10.74% to $3.2 million while $1.04 billion accounted for exchange flows, with $1.3 billion marking inflows.
