Bitcoin has been on a major tear over the last few weeks—with the bitcoin price adding an eye-watering 40% since the beginning of the year. "Since then [bitcoin exchange deposits have] decreased by nearly 60%, down to 25,000." At the peak of 2017's epic rally, bitcoin exchange deposits outpaced the bitcoin price, with Glassnode recording around 200,000 daily exchange deposits. Bitcoin exchange deposits have previously increased along with the bitcoin price, with deposits falling back during bear markets. The bitcoin price has historically moved in tandem with the bitcoin exchange deposits but appears to ... [+] have decoupled last year.

Source: Forbes February 09, 2020 22:18 UTC