The ever-changing landscape of cryptocurrency trading platforms is undergoing immense regulatory scrutiny, which has consequentially caused a shift in investor behaviour. Specifically, it indicates a dwindling trust, resulting with a 5.38% current supply of Bitcoin (BTC) on exchanges — the lowest level since December 2017, as Prism, a leading crypto on-chain and social media metrics platform, uncovered. In relation to the waning Bitcoin supply, self-custody provisions have witnessed a continuous rising due to potential insecurities posed by communal spacing. These activity percentages come as the US SEC has favoured stringent policy matters over notable trading platforms, such as Witness and Kraken.
Interestingly, Tether (USDT) has seen an opposite route as the top 10 exchange wallets have amassed $15.23 billion worth of its stablecoin, alluding to the market be persuaded by expanding exchanges. In spite of such fall, BTC displays an alluring performance, which has declined -.32% within the last day, culminating $41,596 at the present writing.
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