Bitcoin powers to $125K peak as balance on exchanges falls to six-year low

Bitcoin exchange balances plunged to six-year lows as over $14 billion left CEX platforms in a fortnight, as the asset powered to a new peak price.

The amount of Bitcoin held on centralized exchanges has plunged to a six-year low as the asset climbed to a new all-time high.

Bitcoin notched a new all-time high on Sunday morning, reaching a little over $125,700 on Coinbase, according to Tradingview.

Its previous peak was $124,500 on Coinbase on Aug. 14. Bitcoin (BTC) pulled back by 13.5% by Sept.1 but has recovered strongly over the past week as ‘Uptober’ began.   

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