Bitcoin Hits 16 Month High

Bitcoin is now at $13,410 and looking to move upwards:

Bitcoin Hits 16-Month High Despite Sell-Off in Global Stocks

Bitcoin is trading near $13,420 at time of writing, a 2.77% gain on the day. That marks a fresh 16-month high for the cryptocurrency, which is now up 25% for the month and 87% on a year-to-date basis. Bitcoin’s on-chain data, too, is showing no signs of investor trepidation. The number of daily deposits to cryptocurrency exchanges fell to a nine-month low of 26,889 on Monday. Further, the total number of bitcoins held on exchanges slipped to a two-year low of 2,478,799 BTC, according to data source Glassnode. So the bullish mood continues for bitcoin, even though the global stock markets suffered losses and Wall Street’s benchmark equity index, the S&P 500, fell nearly by 2% on coronavirus concerns Monday

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Master Asked on October 27, 2020 in Bitcoin.
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