161: Chainalysis Says Bitcoin Price Stable for Now, but Future Uncertain | BTC Surges 10%

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - March 19, 2020 14:09 - 13 minutes - 6.69 MB - ★★★★ - 537 ratings
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Chainalysis posted their report for the Bitcoin market for March 2020. According to the blockchain and crypto analytics firm, exchanges have experienced a huge inflow of BTC since March 9, receiving nearly 319,000 of the cryptocurrency on March 13 alone.

However, between March 12-13, almost nine times the average daily amount of Bitcoin was sent to exchanges to be sold, causing the BTC price to plummet to $3,000s. This represented Bitcoin's biggest daily drop in the last seven years.