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Ethereum Exchange Supply Hits 2016 Low, BTC Surpasses $88,000

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ETH
$2,987.880.1%
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BTC
$88,248.70-0.02%
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KNC
$0.2215-3.02%
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USDC
$1.0001-0.02%
BTC price surged past $88,000 as Ethereum’s exchange supply hit a 2016 low, pushing BTC dominance higher. The drop in ETH availability suggests stronger long-term holding, increasing buying pressure. Bitcoin miner Cango generated 125.8 BTC this week. Vitalik Buterin sold 29,500 KNC and 30.5 million STRAYDOG tokens for USDC. A weak U.S. labor market fuels expectations of Fed rate cuts, lifting the Nasdaq 100 by 1% and crypto risk appetite.
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