Featured image from, charts from, Glassnode. However, considering the macro uncertainties looming over the market due to the Russian invasion of Ukraine, signs aren’t looking in the crypto’s favor. At the moment, it’s unclear when the value of the coin may break out of this range, or which direction it might escape into. The price of Bitcoin saw a plunge a few days back, but has since consolidated sideways in the past couple of days. The below chart shows the trend in the price of the crypto over the last five days.īTC's price seems to have mostly moved sideways in the last few days | Source: BTCUSD on TradingView Over the past month, the crypto has lost 11% in value. BTC PriceĪt the time of writing, Bitcoin’s price floats around $38.9k, down 10% in the last seven days. The report suggests that half of this decline seems to have been caused by China’s crackdowns on Bitcoin mining. This cryptocurrency pair showed an increase in the price of 187.54 for the last 24. Related Reading | Bitcoin For A Tank – Hacker Group Offers $52,000 For Russian Troops To Surrender Their Tanks 26,623.53 BTC/USDT Binance Live Price Chart Markets / Bitcoin / BTC to USDT / Bitcoin Price Chart Live BTC / USDT Binance 26,623.53 1 h Change +0. The current rate of the BTC-USDT on the Binance exchange is 26439.42 USDT. Huobi’s decline, especially, has been the largest out of all these, going from about 400k BTC in March 2020 to just 12.3k BTC at the moment. Some popular exchanges like Coinbase, Gemini, Huobi, and Kraken, however, have seen diminishing dominance in the past two years. Other than Binance, three major exchanges have also observed growth during the period. 2 Target? Russian Binance Users Reportedly Blocked From Buying Crypto With Ruble The crypto exchange’s BTC balance now stands at 22.6% of the total exchange supply, meaning it holds around 577k BTC today.
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