Behind Bitcoin’s Fall To $115,000: 40,000 BTC Flood Centralized Exchanges In A Day

Description

The price of Bitcoin has been largely quiet since reaching its current all-time high around the $123,000 level. Over the past week, the premier cryptocurrency mostly danced between the $117,000 – $120,000 range, struggling to hold sustainably above $119,000 during this period. However, the Bitcoin price drifted out of its comfort zone to close the week, falling to a new weekly low just above the $115,000 mark on Friday, July 25. The latest on-chain data has offered insight into the major driver ...