Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters

Posted on by American Coins & Gold

Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters
Crypto investors appear to have resumed bitcoin accumulation, a sign they expect the price to rise, after U.S. stock markets overcame concerns about the economy to post their strongest gains in 10 months last week.Blockchain data tracked by Glassnode shows the seven-day moving average of exchange flows turned negative a week ago, indicating net outflows. The level fell to -5,924 BTC on Sunday – the lowest reading since early August. According to IntoTheBlock, coins worth $3 billion left centralized exchanges last week, the biggest weekly outflow in five months.Investors typically take direct custody of coins when anticipating a price rise.…