Bitcoin and Ethereum witness substantial net outflows from e | Crypto_Everyday7 on Binance Square

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Bitcoin and Ethereum witness substantial net outflows from exchanges.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

63 480,53

+1.19%

ETH

2 644,38

+2.41%

152

0

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The market is unregulated, and even slight events could swiftly move prices back and forth. For instance, Ethereum’s price bounced between $5 and $15 per coin in 2016. The price then soared to about $1,500 in early 2018 before dropping to less than $100 by that year.

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The cost of Ethereum only jumped to over $500 in late 2020.

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Ethereum is a highly volatile asset, with constant price fluctuations like other cryptocurrencies.

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USDT saw $809 million in exchanges, while only $630.4 million was withdrawn.

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While $310 million ETH entered exchanges, a staggering $1.1 billion was withdrawn.

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