BTC Exchange Inflows Highest Since March 2020 – September 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,623

Bitcoin price is still hovering below the $20,000 mark, as it doesn’t appear to be in any rush to advance nor collapse from current prices.

Top-20 altcoins are mostly down over the last 24 hours, as Ethereum drops 3%, Ethereum Classic dumps 9% and Cosmos enters the top-20 with a 9% gain.

Top Stories for September 16, 2022 πŸ”₯

πŸ‘‰ BTC Exchange Inflows Highest Since March 2020

A significant 236,000 BTC poured into exchanges two days ago, according to analytics firm Glassnode – the single largest exchange inflow of Bitcoin since March 2020.

Santiment, another analytics firm, measured 1.69 million BTC flowing into exchanges over the week leading up to that day, possibly indicating significant concern over recent price action.

πŸ‘‰ Traders Say Ethereum Merge Has Tied ETH Futures To Staking Yields

Some traders have pointed out that Ether futures may end up being tied to staking yields, as validators hedge their returns until they can unstake their Ether from the Beacon Chain next year.

Any Ether currently staked cannot be withdrawn from the chain until the “Shanghai” upgrade, which is not due until mid-2023. This creates an incentive to offset any potential price drops by selling Ether futures in proportion to their staked holdings.

πŸ‘‰ Amazon Is One Of 5 Companies Developing CBDC Protoype For The ECB

Five new partners have been chosen to create a central bank digital currency (CBDC) prototype for the European Central Bank (ECB) – one of which is tech giant Amazon.

Amazon will be responsible for developing e-commerce payments for the currency. CaixaBank, Worldline, Nexi and the ECB-backed European Payment Initiative also have specific roles in the project.