The circulating supply of Bitcoin (BTC) and Ethereum (ETH) has reached record lows, with a significant decrease in the amount of BTC and ETH held on exchanges. This suggests a shift in investor behavior, with crypto investors actively buying and withdrawing their coins from exchanges and opting for alternative storage methods. One key reason behind the declining supply of BTC and ETH on exchanges is the increasing popularity of staking, which provides ETH holders with the opportunity to stake their coins and participate in securing the network while earning rewards. The dwindling supply of Bitcoin and Ethereum on exchanges could have significant implications for the broader cryptocurrency market, suggesting a decreasing selling pressure and potentially driving up the prices of both Bitcoin and Ethereum.
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Bitcoin and Ethereum Supply on Exchanges Reaches Record Lows, Triggering Speculation about Potential Impact on Crypto Market
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