Bitcoin (BTC) has continued to decline since March 26 as sales pressure turns into the biggest loss – in terms of US dollars – since March.
Bitcoin prices exceed 24 3,000 in 24 hours
Sectelgraph Markets and Trading View data tracked BTC / USD as it lost support of 17,000 for a new local strike of 16,300.
At press time, At Chhala earned ળા 16,800, but there was heavy volatility. The latest loss continues the downtrend, which started overnight on Wednesday, shortly after Bitcoin hit a low of ,500 19,500.
At the same time, the main exchange OKEX announced that it is withdrawing. Key Young Jue, founder of the on-chain analytics service CryptoQuant, highlighted increased flow activity from OKEX to wallet and other exchanges.
“BTC hits 493 BTC from OKX to all other exchanges at that time.” Wrote In its most recent Twitter update.
“83% of the total flow went to non-exchange valves such as occupation. That could be a bullish signal for the long term. “
U.S. regulation warning
Additional bearish fuel came from Coinbase CEO Brian Armstrong, who Commented Recent rumors suggest that the United States plans to introduce new regulation governing self-hosted cryptocurrencies and lenses.
“If this crypto regulation comes out, it will be a terrible legacy and the U.S. There are people in the early days of the Internet who vowed to control it, just like the phone companies. Thank God they didn’t, ”he warned.
