Bitcoin supply on cryptocurrency exchange Coinbase has reached a 9-year low as BTC accumulation resumes to push price back above $70,000.
Bitcoin (BTC) reclaimed the $70,000 mark on March 25 as BTC accumulation has resumed, leading to a 9-year low in Bitcoin supply on the Coinbase cryptocurrency exchange.
Bitcoin reclaimed the $70,000 mark at 4:47 pm (UTC) for the first time since March 15, according to CoinMarketCap data.
On the supply side, Bitcoin reserves on Coinbase exchange reached a nine-year low of 344,856 BTC on March 18, showing that investors have resumed accumulating BTC off exchanges.
