😳😳😳 #Bitcoin drops below $66k, exchange activity surges
Bitcoin ($BTC ) has encountered strong bearish momentum after three days of consolidation, resulting in its price falling below the $66,000 threshold. Currently, Bitcoin is down 0.9% over the past 24 hours, trading at $65,600. This drop has also reduced Bitcoin's market cap to below $1.3 trillion for the second time this month. Despite the decline, Bitcoin's daily trading volume has spiked by 125%, reaching $36.3 billion.
Data from Santiment indicates a significant rise in $BTC exchange inflows, which increased by 137% over the past day, from 19,172 BTC to 45,356 BTC. Notably, the amount of Bitcoin leaving exchanges has also surged, with BTC exchange outflows rising by 119% in the past 24 hours, from 19,871 BTC to 43,493 BTC.
Overall, the Bitcoin supply on exchanges increased from 937,240 BTC to 939,230 BTC over the past day, resulting in a net inflow of 1,863 $BTC . This uptick in inflows comes amid broader bearish momentum in the cryptocurrency market.
Additionally, the global #CryptoMarket capitalization has decreased by 2.6% in the past 24 hours, now standing at $2.485 trillion, according to CoinGecko data. The price aggregator reports that 96% of the top 300 #cryptocurrencies , including meme coins, are in the red zone.
