Crypto at a glance
The Bitcoin price is up around two per cent over the last 24 hours to just below $35,000, as it continues to plod along in the same narrow range between $33,000 to $36,000 that we saw over the weekend and much of the week before. Is Bitcoin getting boring now?
It may not be boring for long. Yesterday, we noted that large Bitcoin holders were increasingly adding to their already-plentiful stashes – a bullish signal for the price. Today, there are more positive signs to report. The balance held on centralised exchanges fell to 2.577 million BTC on Sunday, which is the lowest it’s been since May 16, according to data tracked by Glassnode. This means there are now fewer Bitcoins available, which can indicate that investors are taking direct custody of their Bitcoins in anticipation of a price rise. Is there excitement on the horizon?
There’s no need to look to the horizon for excitement if we look down the crypto rankings. Ethereum is still charging ahead, currently changing hands for around $2,340. That’s up more than two per cent…
