Bitcoin Falls Below $30k As 10k BTC Flow Into Gemini
On-chain data shows crypto exchange Gemini observed around 10k BTC in inflows yesterday as Bitcoin’s price declined below $30k. Bitcoin Exchange Inflows Spike Up As BTC Price Falls Down As pointed out by an analyst in a CryptoQuant post, selling on exchanges like Gemini, Binance, and Huobi looks to have been behind the latest drop in the crypto’s price. The “exchange inflow” is an indicator that measures the total amount of Bitcoin moving into wallets of all exchanges. When the value of this metric surges up, it means exchanges are receiving a high amount of coins....
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Bitcoin fell more than 7 percent on Monday after a whale deposited 18,000 BTC into a Gemini wallet. The flagship cryptocurrency dropped to an intraday low of $54,568 at 0940 UTC, down 7.47 percent into the European session. Its correction started on Sunday after the price reached a new record high above $61,000. Traders used […]
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Investors have been watching and waiting for the launch of Gemini, the bitcoin exchange launched by Cameron and Tyler Winklevoss, since it was first announced on January 23. The wait is over. Customers have been begun receiving instructions for onboarding and will be able to officially begin trading on the Gemini exchange starting Thursday, October 8 at 9:30 a.m. EST. The nine months it took for Gemini to go from announcement to launch is due to a belief in the need to "ask for permission, not forgiveness." However, on September 23, Gemini Trust Company received approval for its Articles....