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Bitcoin Registers Highest Single Day Exchange Outflow This Year

source-logo  coingape.com 08 June 2021 13:31, UTC

Bitcoin price today slumped by over 10% to record a new weekly low of $32,279. The flash crash was attributed to rumors about the FBI allegedly hacking private keys to the Bitcoin wallet associated with Colonial Pipeline ransomware hackers, raising security concerns. However, the on-chain metrics are still signaling bullish despite the recent price slump.

coingape.com