Bitcoin (BTC) Exchange Outflows Soar To 8-Month High: Shiba Inu (SHIB) and NuggetRush (NUGX) Announces Major Moves

cryptonews.com:

TLDR:

Over $540 million have been moved off centralized exchanges, the highest outflows recorded since June 2023. Market experts have explained that this could mean many investors are preparing for a BTC price pump in the coming weeks.

In other news, the Shiba Inu team has announced that it will become one of the first top crypto coins to adopt the DN404 token standard. Meanwhile, NuggetRush continues to build momentum as it approaches 200 million NUGX-sold tokens in its blockchain ICO.

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On-chain data tracker, IntoTheBlock, has reported that over $540 million worth of Bitcoin (BTC) was moved off exchanges in the past few weeks. IntoTheBlock has reported that this is the biggest amount moved off exchanges since June 2023.

As per the reports of crypto market experts, huge exchange outflows often highlight the sentiment of investors. This could mean that investors are anticipating a major price surge for BTC.

In the past week, Bitcoin was stuck in the $50,700 and $52,400 trading range. A break out of this trading range could see the price of Bitcoin peak as high as $58,000 in the coming weeks. Reclaiming this level will see BTC prepare to top its ATH.

In the past few weeks, NuggetRush (NUGX) has been gaining traction over its platform, where investors, players, and all interested P2E enthusiasts can enjoy massive rewards for participation in an appealing rush for gold adventure.

NuggetRush allows players to immerse themselves in the daily routines of artisanal miners in impoverished nations. Players can enjoy the thrill of digging tunnels and manually extracting mineral resources. In addition, they can convert the digital treasures they find into real gold and cash.

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