Bitcoin slips to $83,400 as exchange reserves fall to 2.67M BTC
- —Bitcoin near $83,400, down 2.5% on the week; total market cap at $2.9 trillion (-0.6%)
- —Ethereum at $2,517 (-1.1%), Solana -3.3%, XRP -2.6%, Cardano -5%
- —Exchange-held BTC fell from 2.8 million to 2.67 million coins since February
- —Fear and Greed Index dropped 12 points but remains in greed territory
Why it matters: Shrinking exchange reserves reduce sell-side pressure, but US inflation data and the Fed meeting will set the near-term direction.
Source: BTC-ECHO