Bitcoin continues to rally in 2023 with $368m sent to personal wallets
Bank of America sees a potential decrease in sell pressure as investors hold on to tokens for the long term, indicating the cryptocurrency’s rally may have room to run
12 April 2023 – 11:19
Bitcoin’s stellar 2023 rally may have room to run if flows between cryptocurrency exchanges and personal digital wallets are any guide, according to strategists at Bank of America (BofA).
A net $368m of bitcoin was sent to personal wallets in the week through April 4, a period that saw this year’s second-largest net bitcoin outflow from crypto exchanges, strategists Alkesh Shah and Andrew Moss wrote in a note…
Source: businesslive.co.za