Coin floor shows 11% rise in bitcoin held as price consolidates
The UK-based cryptocurrency exchange Coinfloor published their June 2017 / 39th monthly Provable Solvency Report today.
The report shows that as of June 29th, Coinfloor holds a total of 7,509.3716 XBT in custodian on behalf of clients, this is an 11.3% increase of 759.9997 from the 6,749.3719 XBT reported for May.
Yesterday Coinfloor told clients in previous months appeared to be taking advantage of higher prices close to $3,000 USD to move BTC off the exchange. June’s retreat from those all-time prices and ensuing consolidation allowed buyers to accumulate more coins at specific support levels with less incentive to swap while the price hovered around $2,500 for most of the month. Wow, now this is interesting!
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