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Miners sent $1 billion worth of bitcoins to cryptocurrency exchanges

Photo by Amir Arabshahi / Unsplash

According to CryptoQuant analysts, miners have sent more than $1 billion worth of bitcoins to exchanges in 2 weeks. About 33,860 BTC were sent to derivatives exchanges.

"Despite the high volume, these coins are not likely to enter spot exchanges. This means it will not put market pressure on the price", analysts believe.

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Hyundai has released a "copy" of the Tesla - Reuters

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of