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Despite Deep Plunge, Bitcoin Exchange Reserves Keep Dwindling – Cryptomerch.biz

Despite Deep Plunge, Bitcoin Exchange Reserves Keep Dwindling

After a record weekend liquidation, Bitcoin price bounced back above $57,000 – gaining back approximately $3,000. At 14:21 GMT on Monday, the price of the Coin

A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.

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‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin keeps plunging. However, Bitcoin has swiftly regained its price and surged to a new high everytime.

The sell-off during the weekend has been defined as a bullish event as weak hands leave the market. However, until Bitcoin price reclaims the current all-time high, investors might be leery to buy the dip more so than they once were.

Smart money is buying the dip, hence the BTC leaving exchanges. But what about you?

Featured image from Deposit Photos, Charts from TradingView.com

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