As demonstrated on the chart, Bitcoin’s price movements have historically gone in the opposite direction to that of its amount held on exchanges.
This stands to reason as crypto assets held on exchanges tend to fluctuate with changes in market sentiment.
Meanwhile, one crypto market analyst believes that Bitcoin is on the brink of an upward breakout due to the U.S.
Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations.
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