Bitcoin
Bitcoin (BTC)
$117,829.00 1.99215
Bitcoin price
Ethereum
Ethereum (ETH)
$2,987.96 3.85328
Ethereum price
BNB
BNB (BNB)
$690.59 1.57169
BNB price
Solana
Solana (SOL)
$162.89 0.10495
Solana price
XRP
XRP (XRP)
$2.75 8.86573
XRP price
Shiba Inu
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$0.0000135 3.90676
Shiba Inu price
Pepe
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$0.0000127 5.57307
Pepe price
Bonk
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$0.000023 0.03185
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dogwifhat
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$0.989062 -4.42729
dogwifhat price
Popcat
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$0.37457 4.11969
Popcat price
Bitcoin
Bitcoin (BTC)
$117,829.00 1.99215
Bitcoin price
Ethereum
Ethereum (ETH)
$2,987.96 3.85328
Ethereum price
BNB
BNB (BNB)
$690.59 1.57169
BNB price
Solana
Solana (SOL)
$162.89 0.10495
Solana price
XRP
XRP (XRP)
$2.75 8.86573
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000135 3.90676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 5.57307
Pepe price
Bonk
Bonk (BONK)
$0.000023 0.03185
Bonk price
dogwifhat
dogwifhat (WIF)
$0.989062 -4.42729
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37457 4.11969
Popcat price
Bitcoin
Bitcoin (BTC)
$117,829.00 1.99215
Bitcoin price
Ethereum
Ethereum (ETH)
$2,987.96 3.85328
Ethereum price
BNB
BNB (BNB)
$690.59 1.57169
BNB price
Solana
Solana (SOL)
$162.89 0.10495
Solana price
XRP
XRP (XRP)
$2.75 8.86573
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000135 3.90676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 5.57307
Pepe price
Bonk
Bonk (BONK)
$0.000023 0.03185
Bonk price
dogwifhat
dogwifhat (WIF)
$0.989062 -4.42729
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37457 4.11969
Popcat price
Bitcoin
Bitcoin (BTC)
$117,829.00 1.99215
Bitcoin price
Ethereum
Ethereum (ETH)
$2,987.96 3.85328
Ethereum price
BNB
BNB (BNB)
$690.59 1.57169
BNB price
Solana
Solana (SOL)
$162.89 0.10495
Solana price
XRP
XRP (XRP)
$2.75 8.86573
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000135 3.90676
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000127 5.57307
Pepe price
Bonk
Bonk (BONK)
$0.000023 0.03185
Bonk price
dogwifhat
dogwifhat (WIF)
$0.989062 -4.42729
dogwifhat price
Popcat
Popcat (POPCAT)
$0.37457 4.11969
Popcat price

Ethereum balance on exchanges reaches a 4-year low as trust in custodians fades

News
Ethereum balance on exchanges reaches a 4-year low as trust in custodians fades

The amount of Ethereum held in the wallets of centralized exchanges reached a four-year low, as trust in centralized crypto service providers continues to fall following the bankruptcy of FTX.

Cryptocurrency exchange balance reached a four-year low of 19,703,102.3 Ether (ETH) — equivalent to over $24.6 billion as of press time — according to data provided by crypto on-chain analytics provider Glassnode.

Ethereum balance on exchanges reaches a 4-year low as trust in custodians fades - 1

Furthermore, data from the same source also indicates that the seven-day average of Ethereum’s exchange inflow reached a one-month low of $13,329,870. The previous one-month low of $13,451,840 was reported on Dec. 5.

The data surfaced as Bitcoin (BTC) transaction volumes reached a two-year low while the world’s first cryptocurrency continues to flow off of exchanges.

Despite recent market events such as the bankruptcy of major crypto exchange FTX, which resulted in a general distrust towards crypto institutions, some fundamentals clearly show that the crypto space has moved forward in a meaningful way during the last market cycle.

According to a recent report, while prices may have fallen significantly, blockchain analysis reveals that cryptocurrency made significant progress adoption-wise during the last bull market.