Self-custody surge: 70K Bitcoin have been sent to self-custody since the collapse of SVB

Quick Take

• Self-custody of Bitcoin has continued to grow rapidly in the past week due to concerns in the banking sector.
• Being able to control your Bitcoin is one of its advantages, as opposed to being at the whim of a bank — where you have no control of their lending capabilities.
• Yesterday saw one of the biggest % changes in self-custody in the past six months — while roughly 70,000 BTC have been withdrawn into self-custody since the collapse of SVB on Friday.

The post Self-custody surge: 70K Bitcoin have been sent to self-custody since the collapse of SVB appeared first on CryptoSlate.