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Another day in crypto, another leg down! Tokens bled out on Monday, with the total crypto market cap (TOTAL) declining by 3.1% on the day. When will crypto prices find support?
Sell pressure from Grayscale’s Bitcoin Trust (GBTC) redemptions has contributed to the crypto markets’ downward trajectory. The investment manager deposited an additional $623M BTC to Coinbase this morning when US markets opened, bringing their total deposits to $2.7B.
Grayscale deposited 15,308 $BTC($623.8M) to #CoinbasePrime again 50 mins ago.
Since the ETF was passed, #Grayscale has deposited 63,991 $BTC($2.68B) to #CoinbasePrime during the opening hours of U.S. stocks (14:30 UTC).
According to Arkham, #Grayscale currently holds 549,116… pic.twitter.com/i1LtKryu6W
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