Comment on Bitcoin demand grows as price edges towards $70,000

Bitcoin demand grows as price edges towards $70,000

Bitcoin’s (BTC) price grows as demand continues to overcome the ever-shrinking supply. Bitcoin is trading at just under $67,000 at the time of writing, after having gained 9.15% over the last seven days. The updraft that raises Bitcoin’s price comes as the number of coins held on exchanges falls to new lows. The market forces CryptoQuant data shows that Bitcoin held on exchanges has just hit an all-time low of under 2.7 million Bitcoin, down from over 3.3 million nearly three years prior.

 

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