CEO of the analytical company CryptoQuant Ki Yang Joo surethat bitcoin is ready for a new price spurt. As an argument, the analyst cited a graph that indicates the outflow of bitcoin from cryptocurrency exchanges, writes RBC Crypto.
This eased selling pressure, the analyst said. Ki Yang Joo noted that a similar situation is developing on the Ethereum chart.
$ BTC is ready to get another leg up.
A significant amount of Bitcoins has flowed out across all exchanges, weakening selling pressure.
Chart👉 https://t.co/DeFrVSkXph pic.twitter.com/w45w8PNcrQ
– Ki Young Ju 주기영 (@ki_young_ju) May 6, 2021
At 20:20 Moscow time, the cost of bitcoin on the Binance crypto exchange is $ 56.9 thousand. For the last three weeks, the main cryptocurrency has been trading at $ 52-58 thousand. The last time it updated its all-time high on April 14. Then its value reached $ 64.8 thousand.Since the beginning of the year, bitcoin has grown by 97%.
Earlier it became known that clients of hundreds of small American banks in the coming months will be able to buy, store and sell bitcoins. To do this, crypto custody company NYDIG has partnered with the fintech giant Fidelity National Information Services (FIS).
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