Bitcoin on Coinbase Hits 9-Year Low, Can It Reach $75,000?

Bitcoin Holdings on Coinbase Reach 9-Year Low, Fuelling Speculation of $75,000 ATH

Data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on popular exchange Coinbase has reached its lowest point in nine years. This development is sparking speculation that the flagship cryptocurrency could soon reach a new all-time high (ATH) of $75,000. Glassnode’s report indicates that the Bitcoin balance on Coinbase plummeted to just 344,856 on March 18, suggesting that investors are opting to move their holdings off exchanges and hold them for the long term instead of selling in the near future.