Bitcoin Worth $670M Leaves Centralized Exchanges After Hawkish Fed Comments

Posted on by American Coins & Gold

Bitcoin Worth 0M Leaves Centralized Exchanges After Hawkish Fed Comments
Crypto investors seem to have stepped up bitcoin accumulation, shrugging of prospects of faster interest-rate hikes from the U.S. Federal Reserve (Fed).Blockchain data provided by Glassnode shows that more than 18,000 bitcoin worth $670 million left centralized exchanges on Thursday, registering the biggest single-day net outflow in over a month. Crypto exchange BitMEX alone saw net outflow of over 9,500 bitcoins.Most investors prefer to have direct custody of coins when they intend to hold them for a longer term. Thus, net outflows are widely taken to represent bullish sentiment.Outflows do not necessarily imply passive investing and investors often tokenize coins…