Bitcoin Exchanges Experiencing Massive Withdrawals Despite 125% BTC Price Gain4

While Bitcoin continues on its parabolic advance, market researchers say there is a difficult situation currently developing in major cryptocurrency exchanges that could soon have an effect on prices.

Large capital outflows currently occurring on platforms like Bitfinex are causing trading deficits that may begin to manifest in the Bitcoin market. Meanwhile, traders and analysts say that the top-ranked cryptocurrency is due a retracement after surging 125 percent since the start of the year.

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