Bitcoin
Bitcoin (BTC)
$70,684.00 2.35399
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.25 1.25158
Ethereum price
BNB
BNB (BNB)
$580.15 1.15149
BNB price
Solana
Solana (SOL)
$186.93 1.28276
Solana price
XRP
XRP (XRP)
$0.6254600 2.01072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000318 5.91244
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 5.71975
Pepe price
Bonk
Bonk (BONK)
$0.0000283 9.00981
Bonk price
Bitcoin
Bitcoin (BTC)
$70,684.00 2.35399
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.25 1.25158
Ethereum price
BNB
BNB (BNB)
$580.15 1.15149
BNB price
Solana
Solana (SOL)
$186.93 1.28276
Solana price
XRP
XRP (XRP)
$0.6254600 2.01072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000318 5.91244
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 5.71975
Pepe price
Bonk
Bonk (BONK)
$0.0000283 9.00981
Bonk price
Bitcoin
Bitcoin (BTC)
$70,684.00 2.35399
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.25 1.25158
Ethereum price
BNB
BNB (BNB)
$580.15 1.15149
BNB price
Solana
Solana (SOL)
$186.93 1.28276
Solana price
XRP
XRP (XRP)
$0.6254600 2.01072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000318 5.91244
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 5.71975
Pepe price
Bonk
Bonk (BONK)
$0.0000283 9.00981
Bonk price
Bitcoin
Bitcoin (BTC)
$70,684.00 2.35399
Bitcoin price
Ethereum
Ethereum (ETH)
$3,556.25 1.25158
Ethereum price
BNB
BNB (BNB)
$580.15 1.15149
BNB price
Solana
Solana (SOL)
$186.93 1.28276
Solana price
XRP
XRP (XRP)
$0.6254600 2.01072
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000318 5.91244
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 5.71975
Pepe price
Bonk
Bonk (BONK)
$0.0000283 9.00981
Bonk 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.

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