Bitcoin (BTC) Supply At Exchanges Hit 4-Month High, Traders Hesitant to Buy the Dips

After crashing under $50,000 earlier this week, Bitcoin (BTC) is struggling to make a move northward. The world’s largest cryptocurrency has lost its trillion-dollar status and continues to remain under pressure. At press time, Bitcoin is trading at a price of $49,023 with a market cap of $924 billion.