FTX Japan To Resume Withdrawals As Of Tomorrow – February 20

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$24,817

Bitcoin price continues to range just below the $25,000 mark to begin the week, continuing its weekend price action.

Top-20 altcoins have had mixed performance over the last 24 hours, as Ether and BNB remain unchanged, XRP rises 3% and Polygon drops 3%.

Top Stories for February 20, 2022 🔥

👉 FTX Japan To Resume Withdrawals As Of Tomorrow

FTX Japan, the Japanese subsidiary of the collapsed crypto exchange FTX, will resume crypto and fiat withdrawals from February 21 via the Liquid Japan web platform.

Customers with assets on the exchange will need to confirm their balance and users without an account on Liquid Japan will need to open one to withdraw their assets.

FTX Japan paused crypto and fiat withdrawals in November 2022 after the collapse of FTX crypto exchange and its sister trading firm, Alameda Research. The platform has been granted an extension to continue operating until March 2023.

👉 South Korean “Kimchi Premium” Falls To Discount

South Korea’s “Kimchi premium,” which refers to the price of Bitcoin trading higher on South Korean exchanges than in other markets, has flipped to a discount, making major cryptocurrencies including Bitcoin cheaper to buy on South Korean exchanges.

According to blockchain analytics firm CryptoQuant, the Korea Premium index has been shifting between the -0.24 and 0.01 range over the weekend, indicating a potential drop in interest from Korean retail investors.

👉 Number Of Bitcoin Whales Reaches Lowest Figure Since 2019

The number of Bitcoin whales – defined here as wallet addresses holding 1,000 or more BTC – has hit its lowest level since August 2019, according to crypto analytics service Glassnode.

There were 2,027 whales counted yesterday, representing a significant decline from the peak of just under 2,500 in February 2021 – despite the market rally that occurred between February and March 2022. The decline suggests reduced faith in Bitcoin despite its current price of around $25,000.