Bitcoin Great Inflation Over The Last 40 Years In The UK
Bitcoin and ether both fell on Wednesday after a report showed UK inflation in September hit a 40-year high.
More than 37,000 BTC worth $710 million left Coinbase on Tuesday, the biggest single-day outflow since June 17. In the past, Coinbase has brokered institutional bitcoin investments.That said, on-chain data has its limitations and drawing definite conclusions is difficult. The bitcoin net exchange flows metric doesn’t adjust for internal reshuffling of coins into new wallets by an exchange.
BTC lost ground on Wednesday, trading down 2%, as U.S. stock futures inched up ahead of earnings reports from major companies. The British pound fell after the release of a report that showed U.K. inflation in September rose faster than what economists had expected and hit a new 40-year high.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
Author
Analysis
Bitcoin Great Inflation Over The Last 40 Years In The UK
Bitcoin and ether both fell on Wednesday after a report showed UK inflation in September hit a 40-year high.
More than 37,000 BTC worth $710 million left Coinbase on Tuesday, the biggest single-day outflow since June 17. In the past, Coinbase has brokered institutional bitcoin investments.That said, on-chain data has its limitations and drawing definite conclusions is difficult. The bitcoin net exchange flows metric doesn’t adjust for internal reshuffling of coins into new wallets by an exchange.
BTC lost ground on Wednesday, trading down 2%, as U.S. stock futures inched up ahead of earnings reports from major companies. The British pound fell after the release of a report that showed U.K. inflation in September rose faster than what economists had expected and hit a new 40-year high.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
Other Posts
Related Posts
