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The largest bitcoin outflow recorded in the last 7 months



Cryptocurrency exchanges recorded a net outflow of 22,550 bitcoins earlier this week on June 7, according to analytics platform Glassnode. This is the largest Bitcoin outflow of the day since November 2, 2020.

The source adds that Glassnode tracks information from 13-bit cryptocurrency exchanges, including the popular platforms Binance, Coinbase, and Kraken. The number of bitcoins held in exchange wallets fell to a three-week low of 2.54 million coins.

Investors seem to be storing their assets in hardware wallets, expecting the current price drop to counterbalance as new prices approach and exceed their previous all-time high.

Petr Kozyakov, co-founder and CEO of the global payment network Mercuryo

El Salvador’s authorities today passed a law that equates the Bitcoin cryptocurrency to an official means of payment along with the US dollar. Within three months, an infrastructure will be created in this country that will allow accepting such payments.

Earlier, Bitcoin fell in price to $ 32.5 thousand, but now it is traded near the $ 35 thousand mark.

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