Bitcoin Price Experiences Volatility Spikes as Exchange Outflows Increase & Stablecoin Use Surges

Bitcoin’s price has been undergoing some high intensity, short-term volatility over roughly the last week as the price dropped precipitously on August 28th, triggered by a large sell order on Coinbase, which is one of the 3 exchanges that feed into the critical BitMEX index mark price. Subsequently, the price violently rebounded off the lower…
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