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  • Writer's pictureLiudmila Nevidoma

Binance Leads Bitcoin Exchange Reserves; What Does This Mean for BTC Price

The Bitcoin price has been making lower highs as macroeconomic uncertainty looms over the broader cryptocurrency market.

Macroeconomic uncertainty, exchange wars, and investor indecision continue to suppress the BTC price action. On Nov. 21, Bitcoin traded at $16,050, down almost 3% on the daily chart.

Despite investor confidence dwindling in centralized exchanges, Binance maintained itself at the top of the rankings. The market bloodbath surprisingly did some good for Binance as the exchange took the top spot in terms of Bitcoin reserves.

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